monitoring network servers FI servers. (Source: Shutterstock)

Consumers believe financial institution cyberattacks are currently the second biggest threat to the U.S. financial system; and finserv employee errors and malware are the biggest risks to their monetary data.

Those are among the findings in the “2019 Morphisec Consumer Financial Cybersecurity Threat Index.” Israel-based Morphisec, which provides endpoint protection and has U.S. headquarters in Boston, surveyed 1,000 consumers, weighted for the U.S. population, to examine how the increasing amount of financial cyberattacks and the threat of hackers targeting the U.S. financial system affects consumers’ mindset.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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