Here are some sobering facts:

  • Cyber breaches were up nearly 50 percent in 2017. •
  • At the start of 2018, the number of U.S. enterprises reporting at least one breach “in the past year” nearly doubled to 46 percent. •
  • A whopping 71 percent of U.S. enterprises reported at least one breach “over the past few years.” Given this, it’s no surprise cybersecurity has become a top-of-mind concern among bank and credit union CEOs. However, misconceptions about it have developed as well.