Poor Collaboration Leaves Banks Vulnerable to Cyber Threat

DTCC highlights clear and present cyber danger with whitepapers and joint venture.

rodney-joffe-neustar
Rodney Joffe, Neustar.

The recent attack on JPMorgan, one of Wall Street's largest banks by assets, has reignited concerns over cybersecurity, now ranked as the principal risk by financial institutions in the DTCC’s latest Systemic Risk Barometer. The survey shows that 84 percent of respondents identify cyber risk as one of their top-five concerns, and finds that for 37 percent of those surveyed, the probability of a high-impact event in the global financial system has increased during the past six months.

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