Cybercrime a challenge for financial institutions

Kenanga Research said there were also legal challenges involved when dealing with different jurisdictions for the financial institutions. — Reuters

PETALING JAYA: Cybercrime remains a growing concern with the rampant rise in new ways to scam and fraud people, and a shortage of talent in the field of cybersecurity remains acute in the financial services sector.

Moving ahead, financial institutions can expect a more challenging operating environment.