UNPRECEDENTED THREAT: Financial services firms were making substantial investments in reinforcing their resilience to cyber attacks but they needed to embed this resilience into their existing business units rather than grafting improvements on top of them, Raskin said.
LONDON: Cybercrime is probably the biggest risk facing companies across the world, and they need to do more to help governments tackle the problem, US Deputy Treasury Secretary Sarah Bloom Raskin said.
"Each of us must recognise this risk is perhaps the most pressing operational risk of our time," she told the CityWeek conference in London.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
