Cyber intelligence needs to become part of financial service providers' DNA
[Johannesburg, 10 May 2012] -
Data is more valuable than money; if analysed and used effectively, it can create significant competitive advantages for financial service providers. Once money is spent, it is gone, but data can be used and re-used to produce more money.The ability to re-use data to access online banking and insurance applications, authorise and activate credit cards, or access a financial service provider's networks, has enabled cyber criminals to create an extensive archive of data for ongoing illicit activities.It is becoming apparent that cyber security is not only an issue for the chief information security officer (CISO); it is increasingly becoming a critical factor to the success of technology-savvy and data-driven financial service providers.
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