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Financial Sector Sees Spike In Cyberattacks, Poll Says

Law360 (March 5, 2019, 7:02 PM EST) -- More than two-thirds of financial organizations surveyed in a poll released Tuesday reported an increase in cyberattacks within the past year, while reports of the most damaging type of attack — aimed purely at destroying records — spiked by 160 percent.

In research released by cybersecurity company Carbon Black, nearly 80 percent of polled chief information security officers in the financial sector also said that cybercriminals have grown more sophisticated in the way they mount attacks, including by exploiting human weakness with highly specific social engineering campaigns like targeted phishing emails.

The company said it partnered with fellow information security company Optiv...

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