How secure are the databases of financial service providers?

[neku]

Many companies are outsourcing payment to investors to financial service providers. Some of these investors are finding that the data with the financial service providers is hacked and some details are deleted. How secure are the databases of financial service providers?

 

[Fidelia]

I think that it should be a rule that every financial organisation should deploy encryption technology is accessing and communicating with their database.

 

[Springtime]

I think that depends on individual financial service provider. Some are very vigilant in security while some may not be that careful.