BFSI

Cyber-crime - Financial services developing to counter cyber-crime threats

  • MAR2178695
  • 14 Pages
  • September 2017
  • BFSI
Cyber-crime - Financial services developing to counter cyber-crime threats

Summary

Most financial crime now takes place online. Successful break-ins have the capacity to remove vast sums of money and ruin the carefully developed public image of leading banking institutions and associated companies. To meet an evolving criminal threat companies involved in financial services must adapt quickly. Under pressure from consumers, governments, shareholders and other interested parties, regulations are changing. Regulation technology is being heavily invested in, fraud detection is improving and major companies are paying ever more attention to the cybercrime threat. For financial services, criminality is a major trend which will play a critical role in decision making and future strategies.

Key Questions Answered

- What is the risk from cybercrime and why must it be forcefully countered?
- Where are the threats coming from?
- In what ways can cybercrime damage a company?

Scope

- Learn why cyber crime is such a common and concerning threat.
- See how big companies are responding to this threat.
- Examine the regulatory challenge that companies face.

Reasons to buy

- Cybersecurity is a global problem because so many large financial services companies operate across several continents. Widely regarded as the most vulnerable region to attack, Asia-Pacific has much to do regarding cyber protection.
- A major driver behind regulatory change in financial services is the decisions taken by global centers of financial trading. New York is one such example, where local regulatory changes could soon be adopted widely thanks to the premier status of the city.
- Given ballooning growth in online crime, banks are set to pay ever greater attention, and invest ever greater sums of money, into solving associated problems. There is good reason to. Banks trade on a perception of safety among consumers, businesses and investors.
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