
According to new research from Duff & Phelps more than 80% of financial services firms intend to increase the time and resources they spend on cybersecurity in the next year.
The study which analysed 200 executives in Europe, Hong Kong and the US shows that firms are preparing to implement more stringent cybersecurity measures in response to increasing regulatory scrutiny and growing pressure to protect investor information. Two in three financial services firms expect cybersecurity to be a priority for regulators this year, and 31% believe it will be the most important priority for regulators.
Source: www.telegraph.co.uk