Financial Services Cybersecurity: 5 Questions Boards Should Be Asking

Financial institutions are the leading targets of cyber crime, including extortion, theft, and fraud, accounting for 23 percent of all cyber- attacks. In fact, financial services firms are 300 times as likely as other companies to be targeted.

Threats can include phishing schemes, ransomware and other malware attacks, and even insider activity. In this environment, boards must play a key role in guiding and assessing security strategies.

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