How can financial institutions prevent shopping season fraud?
Black Friday and Cyber Monday are two of the years’ busiest shopping days. For consumers and retailers alike, it marks the beginning of the winter holiday shopping season, as …
Global DX tech investments to total $7.4 trillion over the next four years
Worldwide spending on the technologies and services that enable the digital transformation (DX) of business practices, products, and organizations is forecast to reach $2.3 …
How much organizations are investing in analytics and why
Despite 94% of organizations believing data and analytics is important to their digital transformation and business growth, most are not enabling a data-driven culture, …
Spending on security hardware, software, and services continues to increase
Worldwide spending on security products and services will enjoy solid growth over the next five years as organizations continue to invest in solutions to meet a wide range of …
Companies are shifting spending to support their critical IT initiatives
Increasing spend efficiency and cutting waste are challenging with respect to gaining visibility into costs and managing IT spend effectively, according to Flexera survey. …
Some IT teams move to the cloud without business oversight or direction
27% of IT teams in the financial industry migrated data to the cloud for no specific reason, and none of them received financial support from management for their cloud …
Only one quarter of retail banks have adopted an integrated approach to financial crime systems
Most banks plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines, with the U.K. leading …
Organizations focus on fine-tuning systems to ensure compliance while reducing risk
66% of financial institutions face the significant challenge of achieving low false positive rates, putting unnecessary burden on their compliance departments and creating …
How fraud prevention tech can save banks €10M a year
A typical European bank, serving 10 million customers, could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the …
FSI organizations are failing to assess their software for security vulnerabilities before release
More than half of organizations have experienced theft of sensitive customer data or system failure and downtime because of insecure software or technology, a Synopsys report …
Public cloud data continues to grow, headed toward $500 billion by 2023
The worldwide public cloud services market grew 27.4% year over year in 2018 with revenues totaling nearly $183 billion, according to IDC. This growth rate, which is more than …
94% of attacks hitting financial services use one of four methods
Newly released data from Akamai’s 2019 State of the Internet / Security Financial Services Attack Economy Report has found that 50% of all unique organizations impacted by …