Top Wall Street CEOs Say Biggest Fear is Large Scale Cyber Attack

While speaking at the Milken Institute Global Conference many of Wall Street’s top CEOs said their biggest worry is a cyber attack that could bring down the financial system; according to Business Insider JPMorgan Chase CEO Jamie Dimon said in a recent shareholder letter that cybersecurity, “may very well be the biggest threat to the US financial system.”; that feeling was also echoed by David Hunt, CEO of Prudential Global Investment Management, “If I were looking for the thing that worries me the most, it would be an actual attack on the infrastructure of the financial markets.”; spending on cybersecurity has increased in recent years with large scale attacks happening at credit agencies and retailers. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.