There's a simple reason why the heads of financial services firms are taking cybersecurity much more seriously today than five years ago—a major breach will cost them their jobs.
Sure, there are laws that require them to be vigilant, and a hack can be devastating to business, so it's best practice to be prepared. But the fact of the matter is that cyber defense doesn't add any competitive advantage and even with the best protections in place, you're always a step behind and vulnerable.
But a cat
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