The world's largest financial institutions reported an increase in the number of ICT-driven attacks over the past year with more than three-quarters of respondents confirming a security breach from outside their organisation, and almost half experiencing at least one internal breach, according to research from Deloitte. Almost three-quarters of financial institutions who experienced a security breach indicated the estimated amount of damage to the organisation was in the range of USD1 million. In terms of the nature of attacks experienced in the past 12 months, 51 percent of external attacks were attributed to phishing and pharming, followed by spyware/malware utilisation (48 percent). Insider fraud (28 percent) and leakage of customer data (18 percent) were cited by respondents among the top three most common internal breaches.
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