Posts Tagged ‘cybersecurity’

Why Banks And Insurance Companies Need To Continue Investing In Tech

While some companies are keen on trimming the number of legacy IT applications through consolidation, they all agree that investments in technology are critical when it comes to operating in a digital world that has created incredibly high customer expectations. The adoption of mobile devices has significantly changed the operating landscape. During his remarks that […]

Common Security Risks for ECM Systems

Cybersecurity is a hot topic across all industries, with most companies recognizing the importance of identifying and mitigating risk factors across IT environments. Recent news headlines have focused on external threats, but internal risks represent over $40 billion in losses annually. When developing an enterprise security plan, it’s important to account for common IT security […]

Mulling Ransomware – Eye-Opening Cybersecurity Statistics

Cisco recently released their Annual Cybersecurity report for 2017, which revealed several statistics I thought were real eye openers. You can pick up a copy here: http://b2me.cisco.com/en-us-annual-cybersecurity-report-2017. Of the major findings in this document, I consider a few quite concerning, in particular: “Spam accounts for nearly two-thirds (65 percent) of total email volume… about 8 percent […]

War On Cybercrime [Trend To Watch]

In a survey conducted by the Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, 56% of respondents rated cyber risk a top-five concern, while 22% indicated it was their biggest concern. A recent quarterly Cybersecurity Market Report published by Cybersecurity Ventures projects that $1 trillion will be spent […]

[Guide] Top 15 Financial Services Trends For 2017

While we can’t always be certain which trends the new year will bring, we can offer predictions based on our conversations with industry executives and our customers, looking at what companies have accomplished in the past year, and the initiatives they already have in place for the future. In fact, that’s exactly how we compiled […]

How to Mitigate Security Risks with APIs

APIs in the Current World With the advancement of SOA and new-age technologies coming door-to-door, we see how the Internet of Things is touching our everyday lives, be it from Apple Watch and Fitbit to building apps in automobiles, banking, the retail industry, etc. I recently read somewhere that eCommerce for JC Penny is gaining […]

Fighting Cybercrime, From JPMorgan To Bank Of America

A new quarterly Cybersecurity Market Report was published by Cybersecurity Ventures, projecting $1 trillion will be spent on cybersecurity between 2017 and 2021. According to Steve Morgan, founder and editor-in-chief of Cybersecurity Ventures, the increase in cybercrime, such as ransomware and malware, and the large number of digital devices being rapidly deployed by organizations and […]

BofA CEO Shares 3 Keys To Success For Today’s Banks

Dennis K. Berman, financial editor of The Wall Street Journal, asked one of the simplest, yet greatest questions anyone could ask an executive at a major financial institution. During WSJ’s CFO Network conference, he asked Bank of America Chairman and CEO Brian Moynihan the following: “If you were building a bank today from scratch, what […]

Protecting You And Your Clients Through Technology And Strategy

Every industry experiences cybercrime, but probably none more than financial services, at an average annualized cost of $13.5 million. If you look at the Breach Level Index, you will notice that some type of security breach occurs at financial institutions almost daily. These breaches can involve anywhere from a handful of records to tens of […]

Technology Partnerships: Creating New Avenues Of Revenue

There’s no question that financial institutions need cutting-edge technology to support growth. However, there is also no question that technology is not their core business. Therefore, it makes sense for them to partner – or even acquire – financial technology companies, which brings us to the topic of unicorns. What do unicorns have to do […]

Banks Might Not Have To Cover Fraudulent Activity

I recently received a letter from American Express, warning me about a data breach that occurred with a third-party service provider several years ago. Although the letter doesn’t name the company who suffered the breach, it does mention that I’ve done business with them. The letter goes on to say American Express will continue to […]

Smart Machines: Putting Tech To Work For You And Your Clients

Smart machines, which encompasses a group of cognitive computing technologies such as advanced machine learning, natural language processing, and prescriptive analytics to make decisions and solve problems without human intervention, have been receiving more attention in recent years due to the rise and success of solutions like IBM’s Watson. A smart application learns and adapts […]

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