Are Cyber Breaches the New Normal?

What is a major reason why JP Morgan was vulnerable to cyber attacks?

• Outdated software systems

• Inadequate staff training

• Over-reliance on passwords

• Lack of funding for cybersecurity

What is a reason for the slow rollout of multi-factor authentication in US financial institutions?

• Technical difficulties

• High implementation costs

• Lack of awareness

• Slow adoption pace

Which region is highlighted as a significant source of cyber attacks?

• South America

• Eastern Europe

• Australia

• Africa

What is a suggested solution to address the fragmentation in cyber hacking?

• Focusing on local law enforcement

• Increasing military spending

• Creating an overarching international framework

• Developing individual national policies

What is a key difference between US and some other nation-states regarding cyber activities?

• US engages in commercial espionage

• US does not engage in commercial espionage

• US has no cyber capabilities

• US only targets government networks

What is a major concern for individuals when banks are attacked?

• Decreased interest rates

• Financial security

• Increased bank fees

• Loss of employment

What is a challenge faced by organizations in improving cybersecurity?

• Shortage of cybersecurity professionals

• Failure to implement purchased technology

• High cost of cybersecurity solutions

• Lack of available technology