White Paper

Cyberrisk in banking

 

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The dark side to the rise of the information society has been the rise of the cybercriminal. Each day, these cybercriminals are finding new ways to exploit weaknesses, reinventing old tricks and launching more sophisticated attacks. The cost to consumers and to society is growing while a lack of international cooperation allows these crimes to multiply. Though cybercrime transcends industries, financial institutions are often at the forefront of security strategies because they are frequently the first to experience new threats. Based on a survey of 250 banking executives, along with in-depth expert interviews, this report looks at the cybersecurity challenges and opportunities modern banks face.

 

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