This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Transforming Cybersecurity

New approaches for an evolving threat landscape


DOWNLOAD  

Over the past three years, growth in cyber crime has continued, if not accelerated, in the financial services industry. U.S. financial services firms lost on average $23.6 million from cybersecurity breaches in 2013, which represent the highest average loss across all industries. While this trend is not to be ignored, these actual financial losses are sometimes not meaningful to firms' balance sheets. The potentially greater impact from cyber crime is on customer and investor confidence, reputational risk, and regulatory impact that together add up to substantial risks for firms.

The relatively static compliance or policy centric approaches to security found in many financial services firms can be long outdated. A new secure, vigilant and resilient strategy will have to be considered to effectively manage risks and drive innovation in the cyber world.

Learn how financial services firms can create a dynamic, intelligence-driven approach to cyber risk management to prevent, detect, respond to, and recover from the potential damages from cyber attacks by reading the report or the infographic.

Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see “About Deloitte” for a more detailed description of DTTL and its member firms.

Get connected
Share your comments

 

More on Deloitte
Learn about our site