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What is changing?

More than a third of financial sector organisations say they have been victims of cyber crime, compared with only 17% in other industries. Fraudsters are increasingly turning to technology as their main crime tool, the survey report said. Cyber crime is growing and the methods are constantly evolving

Implications

Still, financial services respondents perceive a greater increase in the risk of cyber crime (57%) compared with other industries (45%). Financial services organisations believe cyber crime is becoming a greater threat than ever, yet many do not believe it will happen to them, the survey report said.


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Author: Warwick Ashford
Strength: high
Maturity: growing (35%)
Reaction: concerned
Development: very high
Adoption: < 3 years
Potential: Low - US $100-999 million
Regional potential: Cyberspace
Arrival time: 2013