In 2020, fintech experienced an unexpected demand for services with many organisations forced to move away from more traditional business models to accommodate the demand for services available online.
Over the past year, cybersecurity strategies and practices have been firmly put to the test because even a pandemic can’t deter the fraudsters.
An increased level of sophistication makes cyberattacks much harder to identify and more threatening. Cyberattacks, especially against banks and those working in finance, have increased dramatically since the start of the coronavirus pandemic, with a 238 per cent increase in financially motivated attacks, according to the third edition of VMware’s Modern Bank Heists report.
In this issue of The Fintech Times, we put the spotlight on cybersecurity, addressing the latest trends and concerns, while discussing how businesses can look to ensure both their employees and customers are kept cyber safe throughout the disruption.