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Financial Firms to Boost Spending on Cybersecurity

A Bloomberg report quoting a survey from a data security firm says U.S. banks and other financial firms are projecting higher spending on cybersecurity. The article cited a Thales eSecurity survey of 100 senior security officers in which 84 percent said their firms are planning to spend more this year on cybersecurity, up from 78 percent a year ago. The survey also found that about 36 percent of companies said they experienced an intrusion in 2018, up from 24 percent in last year’s survey.