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Cybercrime now major drag on financial services, PwC finds

PwC survey finds cybercrime is second biggest cause of economic crime experienced by the financial services sector. Only 18 per cent of firms had all five of the incident response mechanisms deemed important. Almost a third of staff in financial services had not received any cybersecurity training. Almost all cybercrime impacts on financial services at some point, it says. Almost one third of financial services staff in 56 countries did not receive any training in cybercrime training, survey finds. Financial institutions are expected to have appropriate systems and controls in place to fight this growing threat.”]

Source: https://www.csoonline.com/article/2131304/cybercrime-now-major-drag-on-financial-services–pwc-finds.html

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