The largest finance industry data breach happened in September 2017 when one of the three largest consumer credit reporting agencies,Steps To Ensure Cybersecurity In FinTech 2021 Articles Equifax, exposed 147 million customers’ personal data.

An unpatched Apache Struts vulnerability caused the data breach. Apache Struts was the framework for Equifax’s US-based web apps. The breached exposed customer names, date of birth, social security numbers, and other personal information. Due to the breach, several members of Equifax’s C-suite stepped down.

There were other incidents of cyberattacks in FinTech. In fact, after Equifax, several other data breaches in FinTech saw as many as 130 million, 90 million, and 76 million people affected.

2023 has definitely been a good year for it services company online retailers. Even though according to surveys, Covid-19 has caused big shipping delays for 36% of consumers, the global lockdown made 56% of consumers trying a new retailer during the pandemic period. In addition, of course, this was the biggest holiday season in e-commerce history.On the other hand, more online sales result in more cyber-attacks. Of course, the e-commerce platforms have already started adapting to the current situation, but the hackers apparently took advantage especially at the beginning of the lockdown period, launching an unprecedented number of attacks, aiming to steal the customers’ data, and making unauthorized transactions. Such attacks include credit card frauds, malware, phishing attacks, etc.

Even though the businesses are trying to adapt to the growing threats coming from cybercriminals, cybersecurity specialists are not optimistic at all, as their researches show that cybercriminals are changing their way of acting even more, and are not planning to slow down. Here are just some f igures and predictions for 2021, presented by Cybersecurity Ventures:


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