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Spending on security hardware, software, and services continues to increase

October 21, 2019

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

October 18, 2019

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

September 20, 2019

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

September 16, 2019

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

September 5, 2019

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

September 4, 2019

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

August 5, 2019

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

August 5, 2019

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

August 1, 2019

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 …

Flaws allow attackers to bypass payment limits on Visa contactless cards

July 31, 2019

Flaws that allow attackers to bypass the payment limits on Visa contactless cards have been discovered by researchers Leigh-Anne Galloway and Tim Yunusov at Positive …

Capital One breach: Info on 106 million customers compromised, hacker arrested

July 30, 2019

Capital One, one of the largest banks in the United States by assets, has announced that it has suffered a massive data breach affecting the personal and financial information …

Global IaaS market reached $32.4 billion in 2018, total growth was 31.3%

July 30, 2019

The worldwide infrastructure as a service (IaaS) market grew 31.3% in 2018 to total $32.4 billion, up from $24.7 billion in 2017, according to Gartner. Amazon was once again …

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