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Showing Blog Posts: 1–4 of 4 tagged Financial Services

  • Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction

    by Ben Rothke on September 6, 2016

    Bitcoin is a topic that evokes a sort of whodunit to many people. Created by an international man of mystery named Satoshi Nakamoto, it leads many to think this is a protocol that lends itself to a John Grisham novel. Many even think Bitcoin is a government conspiracy. But none of that could be further from the truth. As in introduction, Bitcoin is a digital currency and payment system created by…

  • How Cybersecurity Impacts Customer Loyalty

    by Alisdair Faulkner on June 21, 2016

    When it comes to banking, e-commerce and other online activities, fraud is one of consumers’ top concerns. In fact, insights from a recent First Annapolis and ThreatMetrix consumer study showed that more than half of consumers (55 percent) are extremely concerned about the risks of banking and payments-related fraud, with 46 percent indicating their fraud concerns have increased in the past two…

  • Banks Need to Rethink Cybersecurity After Recent Heists Through SWIFT

    by Caitlin Moriarity on June 17, 2016

    Cyberheists are on the rise. But how are hackers getting into financial institutions with some of the best security on the planet? Through a third party, it turns out. A number of major international cyberheists have been connected to the interbank SWIFT messaging system. Tien Phong Commercial Joint Stock Bank, based in Hanoi, Vietnam, said in a May 15 statement that it had recently foiled an…

  • Big Data Is a Big Cybersecurity Problem for Banks

    by Caitlin Moriarity on June 1, 2016

    How many financial service companies are vulnerable to a data breach? Way too many, according to a new report. The report, put together by data security company Vormetric and issued in partnership with analyst firm 451 Research, shows that a whopping 90 percent of the IT security professionals surveyed in the financial services industry believe that their companies are vulnerable to a possible…

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