Varonis welcomes Bank of England’s high levels of concern on cyberattacks

“Our observations suggest that the vast number of breaches occurring on an almost daily basis indicates that businesses – just like individuals – are still struggling to get the basics right when it comes to securing their data.” — David Gibson, Varonis Vice President

Commenting on reports that the Bank of England’s director of financial stability has pushed cybercriminal and allied hacking attacks up the agenda – ahead, even, of the Eurozone crisis – Varonis says this indicates the growing value that organisations are placing on their data.

David Gibson, vice president with the data governance software specialist, said that Andrew Haldane of the Bank of England is right to be concerned about the issue, as it is clear that cybercriminals are now after any customer data they can extract from financial services institutions like banks, in order to monetise their frauds.

SOURCE: vigilance-securitymagazine.com