Organisations must prioritise cybercrime as risk increases, experts say
Cybercrime climbs rankings of economic crimes in latest survey
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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