COVID-19 cybersecurity risks. Source: Shutterstock.

South Dakota, Alabama and New York may not have a lot in common, but they do have one: Their businesses are at most risk for cybercrimes, according to a new study released by Sprinto, a security compliance automation platform provider based in San Francisco.

Organizations are losing an average of 5% of their revenue to fraud each year, and the estimated cost of fraud for U.S. financial institutions in 2021 was $4.2 billion, the IT firm reported.

Peter Strozniak


Credit Union Times

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