Tracey Hannan-Jones

There are two types of companies, as the saying goes: those that have been hacked and those that don’t know they’ve been hacked. This is especially true in financial services. According to the IMF’s Global Financial Stability Report, nearly one-fifth of reported cyber incidents in the past two decades have impacted financial firms, resulting in $12 billion in direct losses. Cybercriminals are becoming smarter and more sophisticated, sharing resources and ideas. They’re using advanced AI and other tools to discover how their attacks are prevented and then reengineering their tactics accordingly with long-term strategies until they succeed. With only a…