Risk to Financial Sector

 THE PERSISTENT THREAT OF INTERNET ATTACKS IS A SOCIETAL ISSUE FACING ALL INDUSTRIES, ESPECIALLY THE FINANCIAL SERVICES INDUSTRY. ONCE LARGELY CONSIDERED AN IT PROBLEM, THE RISE IN FREQUENCY AND SOPHISTICATION OF CYBER-ATTACKS NOW REQUIRES A SHIFT IN THINKING ON THE PART OF BANK CEOS THAT MANAGEMENT OF A BANK’S CYBER SECURITY RISK IS NOT SIMPLY AN IT ISSUE, BUT A    CEO AND BOARD OF DIRECTORS ISSUE.      Cyber security experts expect the trend toward increasingly sophisticated cyber-attacks to continue in the near future. And the financial services industry, a vital component of the nation’s critical infrastructure,…