Security of traditional systems under the question

The risks, associated with security systems are still a significant problem for international banking business. Bpay tells its opinion about this issue.

According to the research , carried out by the specialists of Kaspersky Lab, average aggregate loss from one successful attack amounts achieved $926.000 (more than 800 respondents from various financial organizations in 15 countries participated in the research). This value includes lost income, reputational harm, outsourcing expenditures for the efficient settlement of the problem, as well as insurance and compensations to clients.

According to statistic data POS-terminal attacks are especially devastative for banks; the average loss amounts in $2.1 million. These are followed by threats, associated with attacks on mobile devices and gadgets (the also are called frauds) — this amounts in $1.6 million in each successful unauthorized access. And nally, targeted hacker attacks cause irreversible damage to nancial organizations, each time amounting in $1.3 million on average.

The fact that in recent years cyber fraud caused significant financial damage was reported by 70% of banks. The growth of losses leaves the banks with no choice but to take measures to intensify protection mechanisms. 61% respondents noted the improvement of protection of websites and apps as one of top priorities for them. According to the representatives of the banking niche integration of authentication systems is in the second place when it comes to protective measures (51% respondents). Roughly 83% of bankers believe that in near future the expenses for security will be only increasing.

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