Touching lives at every milestone. The Banking and Financial Services Industry is perhaps the only industry that touches lives consistently and Digital Banking enables this. Such digital capabilities also carry immense risk. Just imagine if customer data is lost or stolen. The consequences are familiar.
Have you read the recent article by Warwick Ashford (Security Editor, ComputerWeekly.com) on the settlement that US retail giant Target paid for the 2013 data breach? Well, on records, it summed up to $220 million including legal fees and other associated costs. Maybe more. But what is key is – how did the data get out?