March 3, 2014

FINANCIAL INSTITUTIONS TO BE UNDER PERSISTENT CYBER-ATTACK IN 2014

Cyberattacks have become the new normal for financial institutions, pushing banks to build stronger cyber programs. Key 2014 trends include threat intelligence, secure mobile platforms, and rising attacks.

Since the onset of cyber-attacks from organized authorities in 2013, Dubai's reputation as a region vulnerable due to its vastly undeveloped cyber landscape is going to change.

According to Dr. Mahir Nayfeh, Vice President at Booz Allen Hamilton, developing a comprehensive cyber security action plan is the only way financial institutions can continue to use cloud technologies securely.

Top financial services cyber security trends for 2014 include threat intelligence, secure mobile platforms, and developing companies being directly targeted.

Source: Arabian Business

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