Cyber crime has been pinpointed as the largest financial crime threat that companies believe they will face in the next 12 years , according to a report by LexisNexis Risk Solutions . Inefficient legacy systems were also identified as a vulnerable spot by the 200 financial crime professionals surveyed , with 87 % claiming that their companies were unable to enhance their capabilities fast enough to keep up with criminal threats . A further 87 % 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.