Cybercrime story: attention all segments
Deep Dive 4: Cybercrime presents one of the highest risks across all security markets, but especially to financial institutions.
As part of our 2019 Deep Dive series, we explore risks in cybercrime. Stay tuned in the coming weeks leading up to Security 2019 for the trends affecting the different sectors.
In recent years, regulators of the financial and banking sector have focused on the increasing threat cybercrime poses to operations. The International Monetary Fund estimates that the average annual potential losses from cyberattacks is 9 per cent of banks’ net income globally, or $US100 billion.
Cyberattacks can have far-reaching implications for the sector, with attacks on specific institutions causing systemic effects that trickle down to third-party providers as well as stakeholders, and lower the confidence of creditors and consumers.
New ways to counteract cyber threats in different online platforms are continually being developed, but their successful application requires industry collaboration. How to effectively secure a business from the current range of cyber threats across the different platforms – network security, cloud security and wireless security – will be one of the key components of this year’s 2019 Security Exhibition & Conference in Sydney.
The event is the leading exhibition and conference for innovators, professionals and business leaders in the Australian security industry.
Read the previous Deep Dive: Event management: prevention is better than chaos
Register free now to see more innovations and cutting edge technology at the Security Exhibition from 24 – 26 July, 2019 at the ICC Sydney.