Infosecurity: Data breaches at Target and other retailers have been making headlines, but it turns out that financial institutions are finding their operations increasingly impacted as well. A survey by ACI Worldwide of financial industry professionals found that a full 44% of customer accounts have been compromised.
While the headlines continue to highlight data breaches, which involve compromised payment, banking and personal data, it’s clear that financial institutions must stay vigilant in combating fraud loss and maintaining customer goodwill because the ramifications can be profound. More than 15% of respondents indicated recent breaches put increased pressure on fraud operations. Another 12% indicated that they suffered a negative impact on their brand. And only 22% said they felt no direct impact from breaches.
