Subject:::Financial Service Organizations to Implement More Robust Cybersecurity Systems by 2014 - TMCnet's Financial eNews Financial eNewsletter
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1/16/2013

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January 16, 2013

Financial Service Organizations to Implement More Robust Cybersecurity Systems by 2014

By Rachel Ramsey , TMCnet Web Editor

As the Internet and its capabilities continue to grow, so do the opportunities for the bad guys.

Cybercrime and online fraud have become an unwelcome regular presence in our digital age. A study by IID, a provider of products and services intended to protect against cyber attacks, predicts new forms of cybercrime in the near future, such as using the Internet to execute a murder and using NFC-enabled devices to steal information about an individual’s bank account, taking his or her money.


NFC-enabled devices allow features such as remote payments and the automatic exchange of peer-to-peer information between two devices fairly close to each other. Despite the fact that the technology used in NFC is secure, there will nonetheless be opportunities for security breaches.


ThreatMetrix is a company that combines advanced device identification and malware detection in a single platform backed by a global network of shared intelligence. Delivered from the cloud, the ThreatMetrix Cybercrime Defender Platform helps businesses protect the integrity of online transactions, accounts and identities with layered and integrated defenses... Read More

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