Financial firms increasingly exposed to ransomware risks: Study

A survey by U.S.-based data management firm Veritas Technologies LLC found that financial services providers around the world are more exposed to ransomware risks, with 48% of respondents from the sector saying their data security measures fail to meet the pace of their digital transformation, 1asig.ro reported citing Insurance Edge. Moreover, 43% of the respondents from the financial sector also said that they do not have adequate funds to fix all the data security gaps.