Eight out of 10 financial services firms to increase cyber security spending

Cyber security

A Confederation of British Industry and PWC financial services survey revealed that 83% and 82% of firms expect to engage in penetration testing and test their incident response mechanisms respectively. Seven out of 10 will invest in cyber security training and awareness programmes. Rain Newton-Smith, CBI chief economist, said: “It’s reassuring to see [firms] taking meaningful steps to address cyber-crime, as it rises up the risk register. “A deeper understanding of the need for greater div