Cyber crime is probably the biggest risk facing companies across the world, and businesses need to do more to help Governments tackle the problem.
According to US Deputy Treasury Secretary Sarah Bloom Raskin, “each of us must recognise this risk is perhaps the most pressing operational risk of our time,” she said. “Such an approach creates multiple levels of defence.”
Shorter term “fixes” included sharing information within the sector, focusing on security of third party vendors used by financial service firms, and engaging in a “proactive preparedness effort”, she said.
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