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Cyberrisk in banking

A review of the key industry threats and responses ahead

About this paper

The rise of the information society has provided a wealth of opportunities for organizations to enhance services to save time, money and effort. But there is a darker side. Cybercriminals are finding new ways to exploit weaknesses and working to develop more sophisticated attacks – or finding high-tech reinventions of old tricks. The cost to consumers and to society is growing while a lack of international cooperation allows these crimes to multiply. Though cybercrime transcends industries, financial institutions often lead the way because they are often first to experience new threats. Based on a survey of 250 banking executives, along with in-depth expert interviews, this report looks at cyber security challenges and opportunities as they relate to banks.

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.

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