According to analysts, adaptive authentication is at the top of the list of authentication investments for banks - and for good reason.
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The financial services industry has unique challenges that often prevent it from achieving its strategic goals. The keys to solving these issues are hidden in machine data - the largest category of big data - which is both untapped and full of potential.
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The use of big data for real-time threat analysis will become more commonplace among banks and credit unions in 2015, says Bill Stewart of Booz Allen Hamilton, who describes cybersecurity trends for the year ahead.
60% of organizations were exposed to actual or attempted fraud loss last year. As fraud and risk increases year over year, the amount of data being collected increases as well; looking into this data could provide a wealth of knowledge in supporting your payments risk management efforts.
Leveraging data from...
Card breaches at retailers such as Target and Neiman Marcus will likely be catalysts for improved cyberthreat intelligence and information sharing across the banking and retail sectors, says Mike Braatz of ACI.