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Cybercrime is on the rise and private banks need to keep up with the pace

As systems at banks become ever more sophisticated, so do the criminals looking to exploit them, with instances of detected security breaches rising in Hong Kong and China by 33% in 2014, according to a PricewaterhouseCoopers (PwC) survey. In step with global rise of 34%, cybercrime in Hong Kong and China is rising at an alarming pace according to the…

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