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Biometrics for banking and financial services market to reach $8.9 billion by 2026
The turn of next decade is expected to be more challenging for banks and financial institutions as security breaches become more sophisticated with technology advancements. …
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European cloud computing market to surpass $140 billion by 2028
Global Market Insights added a report on the European cloud computing market which estimates the market valuation will cross $140 billion by 2028 due to the government support …
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Most mobile finance apps vulnerable to data breaches
77% of financial apps have at least one serious vulnerability that could lead to a data breach, an Intertrust report reveals. This report comes at a time where finance mobile …
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Operation HAECHI-I intercepts $83M in online financial crimes
Amid an exponential increase in online fraud, an INTERPOL-coordinated operation codenamed HAECHI-I mobilized more than 40 specialized law enforcement officers across the Asia …
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Application security not a priority for financial services institutions
Contrast Security announced the findings of a report based on a comprehensive survey of development, operations, and security professionals and executives at enterprise-level …
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Identity crime victims struggling with financial, emotional and physical impacts
Nearly 30 percent of people who contact the Identity Theft Resource Center (ITRC) are victims of more than one identity crime. Their latest study covers the 36 months from …
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5G business smartphone shipments to grow steadily
5G business smartphone shipments will grow at a CAGR of 28% over the 2021-2026 forecast period, according to a Strategy Analytics forecast. High positive growth is expected in …
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3.4 billion credential stuffing attacks hit financial services organizations
Akamai published a report that provides an analysis of both global and financial services-specific web application and credential stuffing attack traffic, revealing …
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Cloud compromise now the biggest cybersecurity issue for financial institutions
Infoblox unveils a research into how the COVID-19 shutdowns challenged the financial services industry’s core infrastructure. More than one year into the pandemic, …
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Financial institutions experiencing jump in new pandemic-related threats
Financial institutions (FIs), such as banks and insurance providers, are reporting significantly increased threat levels from COVID-related cybercrime, according to a research …
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Digital transformation investments a top priority for most CFOs
When it comes to digital transformation and its significance amongst other corporate priorities, 80% of CFOs globally cite it is within the top-five of their list of …
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How organizations can optimize cloud spend
Although 80% organizations recognize cloud computing as being vital to their financial security, 57% have encountered unexpected costs, according to a study from Aptum. 80% IT …
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