JP Morgan Security Breach

“Faced with the rising threat of online crime, JPMorgan has said it plans to spend $250 million on digital security annually, but had been losing many of its security staff to other banks over the last year, with others expected to leave soon.” – New York Times. 

Why is it that NY banks can spend so much money on computing infrastructure and find themselves short of actual talent so frequently? There are very sharp people working in finance technology, but …