Organisations must prioritise cybercrime as risk increases, experts say

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 common way for criminals to defraud companies.

Forty-five percent of financial services

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