Financial

Financial institutions include banks, credit unions, insurance and processors (for example, credit card).
Financial institutions such as banks and insurance companies hold the 1st and 2nd place spots for being the most targeted by cyber criminals. Financial institutions store a wealth of personal private data which can be easily sold or used. They face attacks from hacktivist organizations, nation-states, and insiders. While these institutions have been heavily regulated for a number of years and have advanced security measures, cybercriminals are also becoming more educated in their methods of attack. According to the Ponemon Institute, the average cost per record of a data breach is $264 with the average total cost of a data breach is around $7.01M.