Enhance Data Security and Compliance Through Secure Information Exchange
As the volume of data grows, banks must protect against the growing threat of data breaches. Many high-profile security breaches across the financial sector have led to growing customer concerns in the ability of banks to protect their sensitive data. As banks become more digital and the volume of data being generated grows, this increases their exposure to cyberattacks. As a result, to protect customers, regulators are imposing greater demands on banks to comply with increasingly stringent rules.
79% of banking/insurance customers said they are alert to, and cautious about, data privacy issues. 13 20% of APAC consumers list biometric security features, one-time password and two-factor authentication transaction confirmations as paramount when deciding between banks. 14
13. 2019 Global Financial Services Consumer Study, Accenture. 14. FICO, “Advancing new experiences in digital banking through enhanced features, a secure transaction environment and deep personalisation”, The Asian Banker Research, Feb 2021.
11
© 2021 Equinix, Inc. & China Telecom (Europe) Ltd.
Powered by FlippingBook