High risk vulnerabilities in fintech soar over the past year

Financial services companies on the Bugcrowd platform experienced a 185 percent increase in the last 12 months for Priority One (P1) submissions, which relate to the most critical vulnerabilities. According to activity recorded on the Bugcrowd Security Knowledge Platform, high-level trends include an increase in ransomware and the reimagining of supply chains, leading to more complex attack surfaces during the pandemic. Ransomware has overtaken personal data breaches as the threat to dominate cybersecurity news across the world in 2021. Global lockdowns and remote work caused a rush to put more assets online, which led to an increase in vulnerabilities. In… [Continue Reading]