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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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According to Deloitte, the financial services industry topped the list of 26 different industries that cyber criminals most targeted.

Furthermore, the industry is still most susceptible to malicious email traffickers. Findings showed consumers are seven times more likely to be the victim of an attack originating from a spoofed email with a bank brand versus one from any other industry.

Because banks are so reliant on consumer trust, it may not be surprising that 39 percent of firms are most concerned about disruptions to the business and reputational risks, compared to a 36 percent of that are most concerned about financial losses resulting from cyber attacks.

 

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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Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
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