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The High Cost Of KYC And AML Security Lapses

PYMNTS

percent: Projected CAGR of the global AML software market as measured from 2019 to 2026. million: Average annual AML compliance spending for Canadian firms with less than $10 billion USD in total assets. 10,000: Number of KYC images from crypto exchange Binance allegedly accessed by a cybercriminal.

Security 192
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card. billion of economic output.

Industry 471
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Who’s Responsible For IoT Security?

PYMNTS

Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. According to the tracker, the global IoT security market is expected to increase by a 35.5

Security 174
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Security and convenience: a perfect relationship?

Bobsguide

In 2016, the global fraud detection market was valued by Allied Marked Research at $13.6bn. Fast forward to today: according to Fortune Business Insight, the global market for anti-fraud solutions will grow from $19.3bn in 2018 to $110bn in 2026. The growth is exponential, and the banking,

Security 141
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A Digital Solution For Every Problem 

PYMNTS

Securing all those news services? trillion: Estimated value of the digital payment market by 2026. $30 30 billion: Estimated value of the digital payments security market by 2026. Want to spend crypto on regular eCommerce sites? No problem. Well… that can get a little complicated.

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Today In Data: Digital Banking Cybersecurity

PYMNTS

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. billion: The projected size of the global banking cybersecurity market by 2026. Data: $248.26

Data 153
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Open banking: Balancing innovation with security

BankInovation

After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. billion by 2026, equivalent to an annual growth rate from 2019 upwards of 24%. The potential of this sector is as large as it is untapped with the sector projected to be worth $43.15 Open banking […].