Cyber risk management for financial institutions

LUISITO T. AMPER

A study the Ponemon Institute and Hewlett Packard Enterprise conducted in 2015 found that for the average cost of cyber crime companies have suffered in any particular industry, financial services topped globally. Last year, the annualized average cost of cyber crime in the financial sector was $13.5 million, followed by the utilities and energy sector ($12.8 million).