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Organisations must prioritise cybercrime as risk increases, experts say

Cybercrime climbs rankings of economic crimes in latest survey

A padlock on a hard drive representing cyber security

The rise in cybercrime means companies must prioritise security training more highly, according to experts.

A March 27 report from PricewaterhouseCoopers (PwC) reveals cybercrime is now the second most commonly reported economic crime affecting financial services firms, with 38% of incidences falling into the category. Cybercrime is surpassed only by asset misappropriation, which remains the most

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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