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Financial events, human factors and recent technology trends may expose global financial institutions, including insurers, to an increased risk of data breaches, according to a survey of international financial institutions’ information security efforts.

Deloitte Touche Tohmatsu’s sixth annual survey cited “tighter budgets, a greater concern over internal security breaches due to lower employee morale, and complacency after a decrease in overall attacks over the past year” as the reasons for the elevated risk.

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