Intelligent CIO Middle East Issue 11 | Page 82

FINAL WORD BIG BANKS LOSING FAITH IN THE INDUSTRY’S ABILITY TO PROTECT THEM In August 2016, it was reported that eight of the largest banks in the US were forming a group that seeks to tackle growing cyber threats. In an article in the Wall Street Journal (WSJ), the banks identified included J.P. Morgan Chase & Co., Bank of America Corp. and Goldman Sachs Group Inc., among others, writes Eric Eifert, Senior Vice President of Managed Security Services, DarkMatter. 82 INTELLIGENTCIO www.intelligentcio.com