…but can they protect us from cybercrime?
A 2015 survey from Bain & Company showed that 38% of banking communications in Australia occurred via smartphone, and a further 35% through online banking.* Financial institutions depend on a digital presence to maintain their competitive edge, and are constantly adapting their online and mobile services to improve the user experience.**
It’s safe to say that digital fits our ‘on the go’ lives, as people don’t always want to talk to a person or hang around on hold if they can avoid it. So now with a few jabs of a touchscreen, we pay bills, make purchases, view financial statements and transfer large sums of money without a second thought.
It’s no surprise that cybercrime has followed us into the digital realm. Cyberespionage has evolved into a sophisticated network that generates billions of dollars each year.
To tackle this new wave of cybercrime and advances in technology, a more rounded approach is required. There’s a need to move from a protective system to a proactive system. Security that moves beyond a reliance on firewalls, to being able to monitor and respond to active threats when and where they occur.