Show me the money

Show me the money
Download Show me the money: Are cyber attacks damaging client trust to the breaking point?

Are cyber attacks damaging client trust to the breaking point?

Data breaches are becoming more common in the financial services industry, increasing 151 percent between 2007 and 2008. These breaches are also becoming more costly.

Companies should develop a proactive approach that addresses cyber protection and fraud prevention simultaneously. The approach taken should move companies toward an ability to understand the potential threats to their environment, to continuously prepare for and respond to these threats, and to remediate breach risks. As the threats change, so too should companies' approach to protecting the information in their care.

PricewaterhouseCoopers (PwC) has developed a report that provides:
  • Our firm's point of view describing just how critical the threat of data breaches is to financial services institutions
  • A framework for companies to develop an integrated approach to data protection that incorporates the principles of security, fraud prevention, privacy, and compliance.