Home Scam/Fraud Cybersecurity Best Practices: How Your Financial Institution Can Help Consumers Stay Secure

Cybersecurity Best Practices: How Your Financial Institution Can Help Consumers Stay Secure

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Cybersecurity breaches are a major issue faced by organizations all over the world. But does the average consumer need to worry about getting hacked? And what risk does a consumer getting hacked present to their financial institution?

CSI’s 2021 Consumer Cybersecurity Poll found that 85% of Americans reported cybersecurity concerns relating to their personal confidential data. However, a similar survey conducted by CSI in 2019 found that 92% of consumers expressed cybersecurity concerns, a decrease of seven percentage points.

It seems many Americans may perceive cyberattacks to be beyond their control, accepting this risk as part of everyday life. This acceptance may have resulted in lower security standards and lax practices in their personal lives, further exacerbating the likelihood of falling victim to an attack. And consumers with more tolerance for risk and lower…

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