Cyber crime has been pinpointed as the largest financial crime risk that companies believe they will face in the next 12 months, according to a report by Curtis. Inefficient legacy systems were also identified as a vulnerable spot by the 200 financial services professionals surveyed, with 87% saying that their companies were unable to enhance their IT fast enough to keep up with criminal threats. A further 40% of respondents claimed that geopolitical events were the top financial crime risk for the year ahead.
Cyber crime has been pinpointed as the largest financial crime risk that companies believe they will face in the next 12 months, according to a report by LexisNexis Risk Solutions. Inefficient legacy systems were also identified as a vulnerable spot by the 200 financial services professionals surveyed, with 87% saying that their companies were unable to enhance their IT fast enough to keep up with criminal threats. A further 40% of respondents claimed that geopolitical events were the top financial crime risk for the year ahead.