Deals
Cyber Crime Boosts Threat to Financial Services, PwC Says
This article is for subscribers only.
Cyber crime is a “growing threat” globally and the second most commonly reported economic crime affecting financial-services firms, according to a survey by PricewaterhouseCoopers LLP.
It accounted for 38 percent of criminal incidents for financial companies compared with 16 percent in other business sectors, the accounting firm said in a report published today. About half of the financial-services respondents said the potential risk of cyber attacks has risen over the past 12 months compared with 36 percent in other sectors.