90% of asset management chief executives concerned about cyber attacks
A significant cyber attack can spook investors who will quickly move their funds to a competitor, according to new research
Asset managers are increasingly concerned about cyber attacks, new research from PwC shows.
Nine out of ten asset management chief executives polled said they are concerned about the impact of cyber threats on their future business growth. Concern has grown by 81 per cent since last year. A significant cyber attack can spook investors who can be quick to move their funds to a competitor, the research said.
Despite the worry, less than a third ...