- Date published:
- Author:Brian Wood
“Around 45 percent of financial services firms say they have been hit by a distributed denial of service attack over the past year.”
Summary article by Fred Donovan in FierceITSecurity.
Emphasis in red added by me.
Infographic: US banks struggle with regulatory compliance and risk
U.S. banks and credit unions are struggling to comply with stringent regulations and associated regulatory risk, particularly from the Dodd-Frank Act that overhauled regulation of the financial services industry.
In fact, close to three-quarters of U.S. banks and credit unions cite ongoing challenges in complying with ever-changing regulations. Close to two thirds say that regulatory risk is their top risk concern, followed by IT risk, fraud, according to an infographic prepared by computer firm CDW.
Around 45 percent of financial services firms say they have been hit by a distributed denial of service attack over the past year. Of those who have been attacked, most have been hit multiple times.
For the full-size infographic, click here.