Attached. Please let me know if you have any questions or need revisions.Running head: FINANCIAL TECHNOLOGYFinancial TechnologyStudent’s NameInstitutional Affiliation1FINANCIAL TECHNOLOGY2Financial TechnologyItem:Example summary statement:Problem:Lack of individual privacySector:Consumer-credit reportingMarket:Credit card companiesExample:In Equifax Inc. reported data breach in 2017Size:The breach affected 143 million accounts in U.S.and in the U.K.Evidence:Security Magazine study on data breaches in the financial serviceindustryWhy problem persists:It is hard to eliminate data breaches because of increased relianceon technology in the sectorI am writing to express my concern about the lack of expert-level security in the financialservice industry. Banks and other financial service companies possess a wealth of payment cardindustry and personally identifiable data, such as social security numbers, phone numbers, creditcard numbers and scores, addresses, and other sensitive information. Cybercriminals can stealthis data an…
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