53 Percent Companies Ready To Invest In Software For Secure Financial Transactions: Report


The survey also noted how often cybercriminals steal financial data from companies: 33 percent of businesses which lost data in cyber-attacks admitted payment data was stolen. 32 percent of respondents felt this was the worst possible type of data they could lose. And it appears their fears are justified — Kaspersky Lab experts recently discovered a fraud campaign targeting the clients of a large European bank, where the fraudsters intercepted customer financial data and in the space of just one week,  stole more than half a million euros from accounts in the bank.

Today it is also important for businesses to think about multi-platform protection since, according to the survey, 43 percent of businesses claimed to conduct sensitive transactions on mobile devices.

"Customers are willing to invest in protecting their payments,and the high rate of financial data theft demonstrated in our survey is yet another reason why effective protection is worth the investment. Financial service providers should implement integrated security solutions that provide proactive fraud prevention to maximize effectiveness and optimize user experience and will allow financial service providers to not only avoid the loss of money and reputation that result from data breaches," says Ross Hogan, Global Head of the Fraud Prevention Division at Kaspersky Lab.

To do this Kaspersky Lab has developed the Kaspersky Fraud Prevention platform for financial and e-commerce companies. It can protect any device used by customers, regardless of whether the customer uses a Windows-, Mac-, iOS-, Android-based device or Windows Phone, and can detect illegal transactions within the company’s infrastructure. In addition, the platform includes information services and tools that enable financial services companies to develop robust defenses against cyber fraud in their own secure mobile apps with the support of Kaspersky Lab’s advanced technologies.

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