One in four breaches in the financial sector are from lost or stolen devices

New research from data protection company Bitglass into breaches in the financial services industry reveals that leaks nearly doubled between 2014 and 2015, and that lost and stolen devices are the most common cause. While hacking remains a major fear, only one in five leaks were caused by it. Other breaches were the result of unintended disclosures (14 percent), malicious insiders (13 percent), and lost paper records (8.1 percent). In 2015, 87 breaches were reported in the financial services sector, up from 45 in 2014. In the first half of 2016, 37 US banks have already disclosed breaches. In addition… [Continue Reading]