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
The Hidden Enemy: Iran’s Cyberthreat to U.S. Banks
Disinformation is among the leading cyber risks predicted in the wake of the June 21 U.S. strikes on Iran’s nuclear program. On June 22, the Department of Homeland Security issued ...
Account Takeover: Static Authentication Enables Access Without Confirmation
Account takeover (ATO) is surging, and the problem is getting dimensionally worse. Banks that rely on outdated, one-time authentication and static identity verification strategies ...
Zero Trust Hinges on Cyber Strategy, Not Technology
Compliance will never equate to security, and zero trust will never hinge on technology. Zero trust is built and secured via a solid corporate culture and cybersecurity strategy th...
Make informed decisions in a digital financial world