Report by SecurityScorecard
Defending the Financial Supply Chain: Strengths and Vulnerabilities in Top Fintech Companies
Key Findings
Technology products and services were linked to 63.9% of third-party breaches. File transfer software and cloud platforms were the most frequent points of compromise within this category.
Application Security and DNS Health were the most common weaknesses, with 46.4% of fintech companies scoring lowest in application security.
28.2% of fintech companies that experienced publicly reported breaches had multiple incidents.
Fourth-party exposures accounted for an additional 11.9% of breaches on fintech companies, which is more than double the global average.
41.8% of breaches impacting top fintech companies originated from third-party vendors.
18.4% of fintech companies experienced publicly reported breaches.
Fintech firms had the strongest security posture of any industry analysed, with a median score of 90 and 55.6% earning an “A” rating.
41.8% of breaches impacting top fintech companies originated from third-party vendors.