BofA CEO: No budget contraints for cybersecurity

Bank Of America Building

Bank of America’s cybersecurity team can spend as much as needed to protect the firm and its customers, Chief Executive Officer Brian T. Moynihan said.

Bloomberg News reports that Moynihan said in an interview: 'The only place in the company that doesn’t have a budget constraint is that area because how would I know how to assess, why would I take my judgment and say you could do this cheaper.

'They’re judicious in how they spend it, but the reality is you’ve got to be willing to do what it takes at this point'.

To access the complete Bloomberg News article hit the link below

Moynihan Says Bank of America Cybersecurity Unit Has Blank Check

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