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IT security "top priority" for European financial institutions |
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Source: SCMagazine - Posted by Benjamin D. Thomas
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According to the report from IDC company Financial Insights, banking and finance firms are increasingly finding that their IT security is coming under pressure from both external hackers and ever-tightening corporate regulations.
Angela Vacca, senior research analyst for European IT Opportunity: Financial Services research, said: "Financial institutions are under constant pressure because hackers' strategies evolve very rapidly and regulators constantly require stricter levels of control, which involve continuous upgrades of IT systems. Therefore, financial institutions that do not tackle security issues are expected to face huge tangible and intangible costs."
Read this full article at SCMagazine
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