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Rise in attacks jolts PBs out of cybersecurity complacency

“Private banks often deprioritise cybersecurity, which is primarily seen as a cost centre,” Gene Yu told Asian Private Banker. “Yet, they remain highly valuable targets, as they hold sensitive and privileged information about U/HNWI clients.” The group CEO and co-founder of cyber incident response service provider Blackpanda noted that private banks usually deploy more cybersecurity measures than smaller-sized enterprises outside…

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