Since March 2020, cloud adoption has accelerated at an unprecedented rate and across every industry. With the pandemic ushering in the work-from-home era, the ability of organizations to collaborate remotely has become paramount, placing a higher-than-ever premium on cloud technology.
Recently, we caught up with Frank Kyazze, Privacy Director here at Kintent, to chat about his experience at the Data Connectors conference in Dallas last month. Frank had the opportunity to serve on the “Protecting Against Cyber Attacks” discussion panel while in attendance. Frank took part in the panel, discussing how now more than ever, it is imperative for organizations to be vigilant against bad actors.
As both consumer and commercial banking clients shift to primarily utilize online banking, they still have high expectations that their financial assets will be secure. In 2021, the banking industry reported 703 cyberattack attempts per week — a 53% increase from 2020. And the cost of cyberattacks in the industry has reached $18.3 million annually per breach.