Financial services companies are under increasing threat from cybersecurity attacks. As noted by the American Banking Journal, more than 60 percent of global financial institutions with assets of $5 billion or more were targeted by cybercriminals in 2022. Financial services companies, in fact, are second only to manufacturing in terms of the prevalence of attacks, with 18.9 percent of attacks worldwide directed at the industry. Incident response plans are essential to both mitigate the impact of these attacks and ensure alignment with evolving compliance regulations. For many firms, however, there’s a disconnect between planning and action; while they generally have IR processes in place,
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