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Cyberattacks are 300 times as likely to hit financial firms than other companies. A sweeping new report finds they’re not prepared.

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Cybersecurity is a growing threat for global financial institutions, yet most of them are ill-prepared to respond within their current infrastructure, according to new report. The cost of dealing with a cyberattack's aftermath is particularly high for wealth managers and banks, Boston Consulting Group found in its annual report on…

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