The financial services industry has been victim of some of the largest, and sometimes the most clever, cyber attacks and security breaches in recent years. The losses total into the billions of dollars across the financial services space, but the worst may be yet to come.

To date, most that resulted in security breaches were perpetrated by criminals looking to make a profit. Granted, the profits were often large. There was the 2012 ATM scheme that swiped $45 million in a few hours, and the 2011 hack of Fidelity National Information Services systems that allowed thieves to make off with $13 million in lass than a day (also form ATMs).

While these examples made headlines because of the big price tags, thousands of smaller breaches -- password hacks, phishing attacks, stolen PINs -- added up to huge losses for financial firms. However, the next wave of attacks may not be for financial gain. Read full story on Wall Street & Technology


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