Banks and other financial institutions spend three times the amount non-financial organizations are spending on cyber security, a new report by Kaspersky Lab has shown. According to the Financial Institutions Security Risks research from Kaspersky Lab and B2B International, cyber security is a high priority for financial institutions, as they're coming under increased pressure from the government, top management and customers. It was said that almost two thirds (64 percent) of all financial institutions will improve their IT security, regardless of the return on investment. Banks are mostly getting ready for the full takeover of mobile. More than four in ten… [Continue Reading]
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