Wolters Kluwer: Cyber Criminals Target Second Tier Financial Firms and Their Advisers

Second tier financial institutions are at greater risk of penetration by the cyber criminal than the largest firms, says Troels Oerting, former head of Europol’s cyber-crime unit and now the managing director for cyber security at Barclays Bank. ‘The largest institutions have invested heavily in technology and training. They place cyber-crime higher up their agendas.’ Smaller financial institutions like fund managers and insurance companies, as well as financial services professionals like