Why Today’s Cybersecurity Requires Detection, Not Prevention

Given the current risk climate, cybersecurity is top of mind for organizations of all sizes and industries. In fact, according to recent research, the global cybersecurity market is expected to grow significantly from 2018 to 2023, amassing a global revenue of $193.76 billion by 2023.

Data breach prevention tactics, such as anti-virus software, network perimeter security and end-user training, have become commonplace, and IT departments are bolstering their cybersecurity toolboxes at a rapid clip to avoid data loss and becoming the target of a debilitating attack. Additionally, the security perimeter continues to change as smartphones and cloud apps make it easier to share data, collaborate on projects and access anything, at anytime and anywhere – including our sensitive work files. The new security perimeter is us, and this shift and introduction of new attack vectors has naturally influenced even greater global expansion of the cybersecurity market.

BankThink The brightest fintech minds could be right in your office

In the coming decade, the financial services industry will be faced with unprecedented opportunities and challenges: With changing workforce demographics, the disruption of traditional business models and rapid technology shifts.

The industry needs to adapt by revitalizing the system from within, and seizing new ways to drive innovation, productivity and performance.

These developments are expected to have tremendous consequences for the future of work. Despite best efforts, companies will not be able to escape the largest risks related to globalization and deglobalization, as well as technological and digital transformation.

How financial services combat the threat of cyber crime?

The financial services industry is naturally a lucrative target for cyber criminals so it is imperative they invest in cybersecurity. Here we look at how organisations can go about combatting the threat of cyber crime

British Airways faces record £183m fine for data breach

The airline, owned by IAG, says it is "surprised and disappointed" by the penalty from the Information Commissioner's Office (ICO).

At the time, BA said hackers had carried out a "sophisticated, malicious criminal attack" on its website.

The ICO said it was the biggest penalty it had handed out and the first to be made public under new rules.