MFDF - Mutual Fund Directors Forum - Firms Spend up to $3K per Employee on Cybersecurity test

Member Login



Request an account

Sample Banner 1

Firms Spend up to $3K per Employee on Cybersecurity

Banks and large financial firms report significant outlays when it comes to protecting their firms from cybercrime, according to Bloomberg. Data from a Deloitte survey of financial companies found: “respondents spent between US$1,300 to US$3,000 per full-time or equivalent employee (FTE) on cybersecurity, with an average of around US$2,300.” Bloomberg also reported that some of the largest banks tripled cyber-defense budgets in the last three to four years as cyberattacks surged -- the finance sector was the focus of 19 percent of all attacks monitored by IBM in 2018, Bloomberg reported.

 
  • All
  • Accounting and Audit
  • Advisory Contracts
  • Board Governance
  • Board Governance: Board Leadership
  • Board Governance: Compensation
  • Board Governance: Oversight of CCO
  • Board Governance: D&O Insurance
  • Board Governance: Self-Evaluation
  • Closed-end Funds
  • ETFs
  • Other Oversight
  • Other Oversight: Alternative Investments and Derivatives
  • Other Oversight: Custody
  • Other Oversight: Fixed Income funds
  • Other Oversight: Distribution
  • Other Oversight: Portfolio Trading
  • Other Oversight: Proxy Voting
  • Other Oversight: Securities Lending
  • Legislative News
  • Money Market Funds
  • Reference
  • Regulatory News
  • Risk
  • Shareholder Disclosure
  • Valuation
  • Webinars
  • Aaron New Tag

SHOWING 0 TO 0 OF 0 ENTRIES (FILTERED FROM 0 TOTAL ENTRIES)