Cyber-security: balancing risks and controls for finance professionals

Some 45 percent of organisations have recorded between one and 10 cyber-security incidents in the past 12 months according to the findings of a recent discussion run by EY which included nearly 250 finance professionals.

In response to an increased level of threat, 79 percent of finance professionals expect to increase their spend on cyber-security defences.

Only seven percent of finance professionals were aware of the EU Network Information Security Directive.

Finance professionals were most likely to see the biggest threat coming from outside hackers, 28 percent to be exact.  However, significant proportions also saw threats coming from technical systems vulnerability and employees.

Companies are becoming more sensitive to the reality that how they respond to these threats does not only affect their revenues, but also their corporate brand and market reputation.