[CyberBank]

I think this is a bit short sighted and shows a lack of knowledge of the industry and the subject.

I know for a fact that almost every large institution of even the slightest quality is currently in full panic mode regarding their cyber posture. Look at JPMC, spending nearly 1 billion dollars a year on cyber. I know most of the other big financials are right there as well in terms of % of revenue.

In the financial industry alone, there's a huge uptick in regulatory responsibility globally for asset, vulnerability, and threat management. The SWIFT (messaging system that all major banks communicate and send money on) auditors and regulators are requiring almost all of these issues be "solved" for or having a meaningful workflow within your respective organization. Guess what happens if you don't meet it? You have a serious finding against your institution and you will struggle to do business with any of the other more mature cyber organizations that rely on SWIFT. Worse yet, when large customers request the output of these audits and findings -- if you do not comply, they will move their money. I know several of the largest financials lost massive clients and revenue due to not complying with the cyber standards set forth by SWIFT.

I know for a fact within the US the OCC (governing body for financial institutions regarding cyber) is coming down very hard on the cyber posture of a lot of the banks and is making them move faster, otherwise they face a long uphill battle to expand or make significant changes within the US.