New research suggests the total cost of cyberattacks could reach $2.1 trillion annually by 2019, four times the estimated cost of breaches in 2015, according to a new report by market research firm Juniper Research. While the Juniper report, “The Future of Cybercrime and Security: Financial and Corporate Threats and Mitigation,” doesn’t break down those… Read More >>
Firms Brace for Grim, New Normal of Cyber-Attacks
The outlook for effective cyber-security strategies appears increasingly grim for financial services firms, especially in the wake of the recent massive breach at JPMorgan that saw cyber-criminals make off with gigabytes of sensitive data. Analysts and information security experts say that attack underscores the “new normal” that firms – even ones like JPMorgan that already… Read More >>
Security Group Eases Sharing of Threat Data
(Editor’s note: In a separate story FTF News examines the recent cyber-breach at JP Morgan, an attack that illustrates the immense dangers faced by financial services firms every day in the digital realm. Read about it here.) A financial services industry group that shares information on cyber-security threats is finalizing a solution that will help… Read More >>
