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Banks Hitting Cyber Resource Problems

Technology and talent will become major hurdles for banks and payments firms as they continue to keep cybersecurity responsibility in-house, according to security consultants and market participants.

There is a significant lack of capable security practitioners available in the market today, said Andrew Retrum, managing director and US financial services security and privacy lead at Protiviti, over email. “The increase in cyber risks across all industries, visibility and focus at the senior leadership and board level, and related regulations all contribute to high demand for security resources. This far outweighs the current supply.”

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73% of corporates believe the threat of fraud has increased in the past year. Read the 2019 Treasury Fraud & Control Survey Report to learn more.

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