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Becca Lipman
Becca Lipman
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Cyber Risk Is World’s Third Corporate-Risk Priority

Financial services topped the list of 26 different industries that cyber criminals most targeted.
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Delloite concludes the lack of threat awareness and response means investment in tools and technologies to prevent future attacks from succeeding will not be sufficient, especially given the high price tag for a full ecosystem coverage.

"Rather, financial services companies can consider adopting a multipronged approach that incorporates a more comprehensive program of cyber defense and response measures to deal with the wider array of cyber threats and risks."

The report points to Quantum Dawn 2, a cyber security exercise SIFMA held in July 2013, as evidence that vigilance and resilience - including information sharing between the private and public sector - is as (if not more) important as secure defenses in combating cyber threats.

 

Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio

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Nathan Golia
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Nathan Golia,
User Rank: Author
3/13/2014 | 5:59:16 PM
re: Cyber Risk Is World’s Third Corporate-Risk Priority
Regarding FIs status as the top cyber target: "That's where the money is." If online art could be flipped for a profit I wonder if we'd have international online art thieves, who suavely infiltrate the esteemed world and charm their way to a fortune.
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