There is a gap between financial firms understanding what impact cyber-attacks would have on their firms and making the necessary investments to prevent them, concludes twin surveys conducted by Backstop Solutions Group and BAE Systems.
The top three risks that BAE respondents cited if a cyber-attack was successful were the damage to their firms’ reputations (85%), exposure to legal liability (74%), and the firm facing potential financial damage (70%).
It should come as no surprise that 77% of people questioned for the Backstop survey listed cybersecurity as at least an “important” priority while 34% of them cited it as a top priority. Only 4% of the respondents indicated that cybersecurity was not a priority for their firms. For the full article click here
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