Image courtesy of Verdict
Verdict canvassed cybersecurity experts from across the industry — including Akamai, Fourthline and KPMG UK — to outline the top threats and strategies for keeping banking and fintech secure in 2022, as GlobalData projected global retail banking security revenues would grow from $7.9 billion in 2019 to $9.8 billion by 2024. The piece cited Arkose Labs as one of the firms at the forefront of account security as the digital payment landscape became increasingly cashless and fraud more sophisticated through AI and self-learning malware. A key finding: 67% of consumers expect their bank to cover losses from successful scams, raising the financial stakes for institutions that fail to invest in robust, futureproof cybersecurity.
