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
Cyber Lessons for Mobile Banking: Connecting with Consumers, Framing Cyber Awareness
Javelin Strategy & Research sees an increased opportunity for cybersecurity awareness and engagement with consumers within mobile banking, where push notifications and alerts are a...
Password Fatigue: A Case for Multilayered Passwordless Authentication
Traditional password-centered authentication is becoming less secure as cyberattacks increase in sophistication and consumers grow tired of strong password requirements. Financial ...
The Promise of Digital IDs: Reduced Fraud and Efficient ID Proofing
The move toward digital forms of ID is accelerating around the United States, and a greater use of such identification methods promises to reduce fraud losses and increase security...
Make informed decisions in a digital financial world