From cyberdefensemagazine.com
Despite annual spending on cybersecurity by the financial services industry reaching $600 million annually – a figure which is growing every year – trust in financial institutions (FIs) remains relatively low. According to new research, which surveyed consumers in countries as varied as the United States, Mexico, Germany, and the UK, just 13% of people across the globe trust FIs completely, while 5% don’t trust them at all. The majority of people around the world say that they only have ‘some’ trust in FIs’ digital security.