Protecting varied Cyber thefts
The global cybersecurity in the financial services market is expected to expand at a CAGR of 9.81%, leading to a global revenue of USD 42.66 Bn by 2023. Cybersecurity involves a set of techniques that are designed to protect the integrity of networks, programs, and data, from unauthorized access, cyber attacks, and damages. Of late, cyber attacks in the financial services sector have increased manifold. Cyber attacks against financial services firms increased by over 70% in 2017, which reflects that the financial services sector is currently vulnerable to such attacks. In the future, adoption of effective cybersecurity techniques will become a necessity to reduce the risk of cyber attacks and illegal use of systems, networks, and technologies. Based on end-user industries, the market is segmented into banking, insurance, stock brokerages, credit unions, investment funds, card and mobile payments, and governments. Among these segments, the card and mob...