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BofA's Bessant says to spend $600 million on information security: CNBC
October 4, 2017 / 8:08 PM / 2 months ago

BofA's Bessant says to spend $600 million on information security: CNBC

(Reuters) - Bank of America Corp’s chief operations and technology officer Cathy Bessant said on CNBC that the bank would spend $600 million on information security this year.

A Bank of America sign is pictured in Pasadena, California, U.S., September 6, 2017. REUTERS/Mario Anzuoni

She also added that BofA would spend the same amount in 2018, and that it has 1,200 employees “dedicated to that effort”.

Reporting by Sangameswaran S in Bengaluru; Editing by Martina D'Couto

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