Top 7 Trends for Financial Firm Cyber Security in 2014

Cyber threats are the “new normal” for the financial services industry, according to Booz Allen in its annual list of the “Top Financial Services Cyber Security Trends for 2014.”

"Our conversations with clients have significantly evolved from a focus on threats and capabilities to creating a balanced and holistic cyber program that responds to an institution's critical business risks, while considering the new realities of a complex and interconnected operating environment," said Bill Stewart, senior vice president and head of Booz Allen's commercial finance program, in a Business Wire article. "We are increasingly helping clients to work through how best to align cyber spend with an ever increasing potential exposure. Threat actors continue to grow in sophistication, driving our clients to respond. Simply increasing spend is not the always the best option – we are helping our clients build programs that respond to their material business risks while balancing resource expenditures."