Market Snapshot

Stay informed on market trends with the Zions Bank Market Snapshot — a monthly publication highlighting market-moving news and high-level national and global market data.

A Threat To Business: Data Breaches and Fraud

Businesses are facing a new set of threats in the 21st century. Sophisticated hackers and cyber criminals are continuously searching for weak spots to exploit in order to steal personal customer data. As the cost of a data breach has reached $7.91 million in the United States, companies can ill afford to fall behind the technological race. Additionally, organizations are trying to stay one step ahead of ever-evolving payment scams, such as the Business Email Compromise. Check out our latest Market Snapshot as we examine the impact of data breaches and business fraud.

In the United States, the majority of data breaches are the result of criminal attacks or malicious insiders.

Source: IBM and Ponemon Institute, "2018 Cost of a Data Breach Study: Global Overview"

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