2020 Cybersecurity Trends
- Date:December 03, 2019
- Author(s):
- Sean Sposito
- Report Details: 8 pages, 0 graphics
- Research Topic(s):
- Fraud & Security
- Cybersecurity
- PAID CONTENT
Overview
Financial institutions (FIs) are driving towards a future where there’s little difference between online and offline banking. In that world where the edge of a firm’s business is better defined by an omni-channel experience than just its brick-and-mortar branches, information security is a customer-facing service. It’s a quality issue. And, most importantly, it is a potential driver of the bottom line — not just an internal function -- protecting against malicious infections and insider threats.
It’s all a part of the covenant our industry keeps with retail banking customers. In the New Year, Javelin expects:
- Criminal communities – with various motivations, financial and political – using disinformation over social media channels to confuse and affect the behavior of banks and their customers.
- FIs, payments providers, and networks to increasingly fuse their fraud and information security detection and prevention functions to create cohesive teams focused on upending innovative, digital financial crime.
- Digital identity providers to employ non-consensus, private blockchains to manage customers’ privacy over complex ecosystems of retailers, banks, and payment schemes.
Learn More About This Report & Javelin
Related content
KYC Revolution: Automated Solutions Tackle Compliance and Fraud Challenges
Traditional know-your-customer processes—which are often manual and conducted only during onboarding processes—leave gaps in fraud and money laundering detection, exposing organiza...
Deepfake Fraud Alert: How FinCEN’s Guidance Affects Banks
Even though deepfake-related fraud suspicious activity reports are on the rise, many financial institutions do not have a deepfake detection solution. FinCEN’s recent alert notes t...
2025 Cybersecurity Trends
Expanding security automation by relying more heavily on security orchestration, artificial intelligence, and data analytics, as well as a more inclusive and expansive definition o...
Make informed decisions in a digital financial world