To leverage the cloud in a secure and compliant manner, financial organizations should invest in automated security tools such as data discovery and classification, and provide training to ensure their security pros can adapt to the rapidly changing cyber landscape,” said Ilia Sotnikov, VP of Product Management at Netwrix. 70% of respondents audit user activity in the cloud in order to mitigate data security risks. The report also revealed that 59% of financial orgs consider understaffed IT and security teams to be the major reason they struggle to secure data in the cloud. &#xD; In 2020, the most common incidents that financial organizations suffered regarding data in the cloud were phishing attacks (reported by 26%), targeted attacks on cloud infrastructure (22%) and ransomware (15%), Netwrix reveals. Other key findings 53% of financial organizations store customer data in the cloud, and 35% store financial data there

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53% of financial organizations store customer data in the cloud, and 35% store financial data there, according to Netwrix research.

Financial organizations struggling to secure data in the cloud - Help Net Security

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