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Insurance

The Complete Guide to Data Breach Insurance

It’s been noted that there are two types of organizations – those that have suffered a data breach, and those that will fall victim to a data breach sooner than later (most likely sooner). The hard truth of this statement is reflected in the fact that according to some sources 97% of networks will experience a security compromise over any given six-month period. And with a staggering 9.7 billion data records having been breached since 2013, these numbers are only rising.

Cloud-Based AML Services That Will Benefit Midsized Financial Institutions

There is a prevalent misconception that, compared to larger banks, midsized financial institutions are less vulnerable to money laundering and other financial crimes. Given their ubiquity, though, such a conclusion can only be described as hasty at best. In fact, institutions with USD 1 billion to USD 10 billion in assets make up 97 percent of the total number of banks in the United States.