The possibility of a significant increase in cyber attacks in the coming years are very likely. For any financial institution, this is a red flag that would require the much-needed attention as client confidentiality should be taken seriously.

Based on a recent research, fraud and financial crimes are causing an estimated annual revenue loss of $3.5 trillion across industries and the reputational damage associated with cyber and fraud events is instantaneous.

With the rise of cyber threats and government bodies being favourite targets for attackers, a top secret government agency in Asia Pacific has taken on the path of hardening their information security posture.

Cybercrime is expected to cause damage to the global economy up to $2.1 trillion after 2019. While online businesses are lucrative, it is not without its risks. Minimizing the risks means taking calculated steps in implementing security controls.

Big Data Analytics is a form of analytics that is speedier, more agile and more efficient compared to traditional or manual business basic analytics. It is applied in a wide variety of industries such as travel and hospitality, healthcare, government agencies, and retail. It involves data-mining, data management, and predictive analytics, and its uses can be further expanded to many more.