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Survey: FIs Are Spending 15 Pct More YoY On Cybersecurity

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Financial institutions (FIs) plan to spend 15 percent more protecting their computer networks in 2020 than they spent in 2019, according to a report based on the results of a survey conducted by Deloitte & Touche LLP and the Financial Services Information Sharing and Analysis Center.

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FAA OKs American Robotics Drones To Fly Without Human Operators

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The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website. The decision is the first government approval for drone flights without on-site pilots, the Marlborough, Mass.-based

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FIs Expect Cybersecurity Spending To Increase In 2021, Study Finds

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Financial firms expect that the cost to defend against cyberattacks will continue to increase in 2021, according to Bloomberg , citing a survey done by Deloitte & Touche LLP. Bloomberg received part of the survey in advance. The survey found that some FIs plan to spend over $3,000 on cybersecurity per employee this year.

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PSD2 Creates Turbulence For Travel Operators

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PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security. consumers, for instance, want the right to know where their personal data is and how it’s being used, according to recent surveys. Eighty percent of U.S. Read more by downloading the Tracker.

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As The IoT Grows, Can It Overcome Security Problems?

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IoT Security Concerns. A company such as Zededa generally operates in an area called “edge computing,” which a recent article from PCMag.com defined as “an architecture in which data is processed closer to where it originates.” Security Upgrades?

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Nationwide Study: SMB Owners Lax About IoT Security Risk

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The Nationwide fourth annual business owner survey released at the end of last month, which surveyed 1,000 small and mid-sized business owners about their views on cybersecurity, found that an overwhelming majority – 91 percent – use connected technology. For smaller firms, the IoT has its lures and its dangers.

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Deep Dive: How FIs Can Keep Their Digital-First Innovations Secure

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Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously. Biometric-based methods’ effectiveness varies, but all provide better security than simple passwords.

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