12% of Banking CEOs Don't Know if Their Bank has Been Hacked

12% of Banking CEOs Don't Know if Their Bank has Been Hacked

Originally posted on WikiBreach on May 26, 2016.

Twelve percent of banking CEOs surveyed say they do not have insight into whether their institution's security has been compromised by a cyber attack in the past two years, according to KPMG, the audit, tax, and advisory firm. Approximately 47 percent of banking executive vice presidents and managing directors reported that they didn't know if their bank had been hacked, and 72 percent of senior vice presidents and directors stated that they didn't know.

According to the FDIC, there were 6,799 FDIC-insured commercial banks in the United States as of February 11, 2014. That means that over 800 CEOs have no clue if their bank was hacked in the last two years.

Sources:

Credit Card Information Compromised in O'Charley's Data Breach

Credit Card Information Compromised in O'Charley's Data Breach

Most Commonly Used Passwords in LinkedIn Breach

Most Commonly Used Passwords in LinkedIn Breach