More authentication and identity tech needed with fraud expected to increase
The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for …
Revenue from cloud IT infrastructure products declines
Vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, declined …
Worldwide IT spending to total $3.9 trillion in 2020
Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to the latest forecast by Gartner. Global IT spending is expected …
Global security services industry to experience spend growth of more than $80 billion
The global security services industry is poised to experience spend growth of more than $80 billion between 2019-2024 at a CAGR of over 8% during the forecast period, …
Budgetary, policy, workforce issues influencing DOD and intelligence community IT priorities
Information Technology spending by Department of Defense (DOD) and Intelligence Community (IC) agencies will continue to grow as they work to keep pace with the evolution of …
Hacking and malware cause 75% of all data breaches in the financial services industry
Only 6% of all breaches in 2019 were suffered by financial services firms, according to Bitglass. However, these breaches compromised significantly more records than those …
What decentralized IT spending means for the CIO role
67% of IT leaders say at least half of their spend is now controlled by individual business units, in a report from IDG Connect and Snow Software. While most believe this is …
Key security priorities for financial services: Preventing fraud and data leaks
The banking and financial services sector is struggling with a skills shortage along with the sheer volume of threats and alerts as it continues its ongoing battle against …
Enterprise WLAN market revenue declines year over year
The combined enterprise and consumer wireless local area network (WLAN) market segments fell 3.6% year over year in the third quarter of 2019 (3Q19) with worldwide revenues of …
Top compliance and risk management challenges for financial organizations
Notable regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions, according to the results of a Wolters Kluwer survey. …
European cybersecurity market to exceed $65 billion by 2025
The European cybersecurity market is determined to exceed $65 billion by 2025, according to Graphical Research. This growth is attributed to strong government initiatives to …
2019 experienced massive spate of crypto crimes, $4.4 billion to date
With only seven months left for nations to pass laws and virtual asset service providers (VASPs) to comply with the guidelines, the majority of cryptocurrency exchanges are …