Financial solutions have failed to protect data
TowerGroup has researched on various data loss incidents and declared that financial services industry has suffered from potential data loss incidents because of the failure to protect personally identifiable information. Due to various economic, political and social reasons, millions of customer records are either lost or stolen in various financial institutions. For successful business, financial institutions must have access to customer data, but it is also the responsibility of the institutions to protect personal data related to its customers.
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Financial solutions have failed to protect data