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Financial services firms are getting better at stopping cyberattacks, but the evolution of cyberattack technology may be outpacing the investment in defenses against those threats, according to a new research study from Accenture.

In a survey of 4,600 enterprise security professionals — 821 of whom worked in financial services companies — the global consulting firm found that even though the volume of cyberattacks has doubled, financial services firms managed to stop 81% of them last year, compared to just 66% in 2016.

Tina Orem

Credit Union Times

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