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Gary Norcross, President and Chief Executive Officer of banking and technology payment solutions services provider FIS, says cyber security risk poses the single biggest threat for global financial services companies.
In an interview with Business Today on Wednesday, Norcross said the financial sector will witness more cyber attacks in 2015 compared to 2014. “Data compromise severely impacts the confidence of financial services consumers,” he says. “As we roll out new technologies, we will have to do our best to try to minimise such events (cyber attacks) to ensure consumers remain confident that their data and transactions are secured.”