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Most Bankers Think They Can't Beat Cyber Crime, Survey Says

Wednesday, August 10, 2011 - 11:46 AM
From American Banker
Even though banks are being required by new rules to put stronger security in place for online banking, two thirds of bankers think they will never be able to get cyber crime under control, according to a survey.

Nearly as many bankers, 65%, say fraud monitoring is their biggest challenge, according to the survey Fundtech Ltd. published Wednesday. It surveyed 100 banking executives from over 50 U.S. financial institutions at a June client conference.

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