Cyber threats and aggressive regulation
IT threats are a growing risk for banks and other financial institutions
Last year saw several reminders of the degree to which financial institutions depend on their IT infrastructure – and the damage that can result from such dependence. Some were comic – such as the chirpy email and instant-message exchanges between traders at Barclays and UBS as they conspired to rig the Libor rate for profit, seemingly oblivious to the fact that every word they typed would be
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