The rise of digital has revolutionized how business work and serve their customers, but it has also added new dimensions of risk for financial services firms. Five out of every six large companies – those with more than 2,500 employees – were attacked in 2014, a 40 percent increase over the previous year. The costs of digital attacks are also increasing; the average annual cost per company of successful cyber-attacks increased to $20.8 million in financial services last year. And many incidents go undetected for long periods of time, so the true scale of the problem is even greater.
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