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(Medical-NewsWire.com, August 26, 2016 ) Following the increase in the number of targeted attacks, the payments industry is grappling with the question of whether banks can counter the sophisticated skills of cybercriminals.
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Cybercriminals work in an unconstrained environment, enabling them to combine creativity and the latest technical expertise faster than banks can anticipate their attacks; as a result, banks tend to lag behind, constrained by their size and legacy systems.
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The report gives extensive details of the challenges faced by banks in dealing with cybercriminals. It also analyzes current security tools adopted by banks, along offers in-depth analysis of emerging technology in payments security. The report also explores the relationship of security with consumer convenience. The importance of context-aware and progressive security is discussed, as is the need for a collaborative approach from participants in the payment ecosystem to reduce instances of data breach and fraud.
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Source: EmailWire.Com 
Source: EmailWire.com
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