
Financial institutions (FIs) were being hit by sophisticated attacks… and then COVID happened. In March, one U.S. bank alone experienced almost 750K takeover attempts. In 2019, 7,098 data breaches exposed over 15 billion user credentials, according to Risk Based Security, then skyrocketed to 8.4 billion users exposed in Q1 2020 – a 273% increase compared to Q1 2019. The stolen personally identifiable information (PII) is now available on the dark web for schemes such as account takeovers and credential stuffing
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