Americans Skeptical Financial Services Can Protect their Data
May 3, 2018 by Brian O'Connell
Financial clients have little to no confidence in financial companies to protect their data, and are generally skeptical that corporations and government agencies can do so.
According to a study by the New York City-based American Institute of CPAs (AICPA), 80 percent of Americans say ID theft is “likely” to cost them financially sometime in the next year.
Cybercrime cost U.S. consumers $19.4 billion in 2017, the AICPA reports. Evidence is beginning to mount that the financial sector is increasingly a target of data thieves.
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