Financial institutions guard highly sensitive customer information which fact is recognised by authorities and regulative institutions. Authorities are increasingly imposing stricter requirements which organisations have to comply with. Under the new EU GDPR/Dutch Wet Meldplicht Datalekken regulations as of January 1st, 2016, there is a legal obligation to report data leaks.
In order to address and mitigate the consequences of the increasing number of security incidents involving personal data, the GDPR not only imposes requirements to implement appropriate security measures, but also makes it a mandatory requirement to report a data breach to the relevant data protection authority.
On average malware is present for 229 days before it is discovered. Because malware can create a data breach, detection has become even more relevant.