Wall Street Beset by Hackers Raises Key Executive Pay

Madeline McMahon

Attacks on banks including JPMorgan Chase & Co. have cast light on the industry’s vulnerability. Firms are vying for people with a strong security background who can talk directly with boards, governments and technologists. Banks are offering raises of 20 percent to 50 percent to wrest talent from one another, said Robert Iommazzo, a founding partner at executive recruiter SEBA International in New York.

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