Respondents in Norkom’s annual survey of financial crime fighting activities in the world’s banks, say that cuts to their own departmental spending plans are weakening their ability to keep pace with a rising tide of criminal attack and that general cost cutting across their businesses is further weakening the banks’ defences. 250 financial crime professionals working in banks across the globe say measures taken by their organisations to reduce costs in the wake of last year’s financial crisis are leaving them and their customers increasingly vulnerable to criminal attack.

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