[Newsletter/Marketing] [ISN] Wall Street spending big to protect against hacking: report

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https://nypost.com/2019/05/01/wall-street-spending-big-to-protect-against-hacking-report/

By Kevin Dugan
New York Post
May 1, 2019

Wall Street’s biggest companies are pumping more cash into cybersecurity, as the industry’s brass openly frets that hackers are the next major threat to the financial system.

Financial middlemen like stock exchanges, clearinghouses and payment processors spent as much as $3,600 per full-time employee on cybersecurity last year — the most per capita across Wall Street, according to a new report by Deloitte.

Banks — which tend to have more employees — spent much less across their workforce, about $2,000 a head, according to the study.

Across the industry, firms on average spent about $2,300 per capita, according to the report, which surveyed chief information security officers.

[...]

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