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Cyber criminals’ appetite for personal data remains high, with 74% of all data stolen in the last few years being the kind that can be used to identify, contact or locate specific individuals. And to score these hot digital commodities, thieves are increasingly flocking to web applications used by financial institutions’ customers/members, employees and partners to conduct online transactions.

That’s according to new research from Imperva Research Labs, a San Mateo, Calif.-based data security firm, which revealed last week that in the first half of 2021 versus the first half of 2020, the number of web application incidents in the financial services industry jumped 38%, from 11.7 million to 16.1 million.

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Natasha Chilingerian

Natasha has served as an editor for CU Times since March 2015. She also served as a communications specialist for Xceed Financial Credit Union (now Kinecta FCU) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer for more than 16 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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