Barclays Plc will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com Inc. and Apple Inc., according to Chief Executive Officer Jes Staley.
An organized crime ring in Eastern Europe has orchestrated sophisticated cyber and physical attacks that have drained millions of dollars from banks in Russia, and banks in other countries could be targeted next.
It’s a story you’ll watch unfold time and time again. The breach. The headlines. The confusion. The public apologies. The finger-pointing. And it’s often followed by some form of the following: “But I was compliant.” Compliance is never enough. The challenges are understandable. Taking the path of least resistance is not.Read this white paper to learn the value of a holistic approach to security.
Equifax observed an increasingly well-worn ritual of scandal-ridden firms by jettisoning CEO Richard Smith: apologize, promise to do better in the future, and sacrifice your top executive in the hopes it will ward off action by Congress and regulators.