Increase in digital transactions spells higher data security risk in Philippines
In the Philippines, Utimaco is working with several stakeholders, such as Securemetric and Coreware Technology, to ensure a guarded digital future
Source: zawya.com
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Increase in digital transactions spells higher data security risk
As consumers continue to embrace the convenience of digital transactions, cybersecurity provider Utimaco warned banks and financial service institutions of a riskier environment that may affect a larger number of consumers if not properly addressed.
Source: philstar.com
Hardware-based security is the future of banking, says Utimaco
Banks and financial service institutions (FSIs) are responsible for protecting consumers' critical data to avoid economic and reputational loss in today's digital world. However, the existing infrastructures continue to evolve due to industry’s digitalization, and more consumers are now utilizing digital platforms for their daily transactions.
Source: newsbytes.ph