65% of Financial Services Breaches, Thefts Include Human Element

▤ Summary

Verizon’s latest DBIR shows that human behavior still drives most financial services breaches and thefts. Phishing, errors, and social engineering remain the main attack paths, while ransomware and credential theft continue to play major roles. The report also highlights a dangerous remediation gap: organizations take about 43 days to fix critical vulnerabilities, but attackers exploit them in roughly 5 days. AI is making attacks more effective, including phishing and pretexting, which raises the pressure on financial firms to strengthen security controls and risk management.

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