Excerpt from OliverWyman.com
By Raj Bector and David X Martin
Advances in electronic connectivity and data storage have made the exchange of large quantities of information, even over vast distances, cheaper and quicker than anyone could have imagined possible 30 years ago. The gains in efficiency to businesses and benefits to consumers have been extraordinary.
However, opportunities for crime have also expanded. The new informational openness on the part of enterprises is being used to subvert their operations and to steal their intellectual property and the “identities” of their customers.
Raj Bector is a New York-based partner in Oliver Wyman’s Strategic IT & Operations practice.