Cybercrime will cost $6trillion-a-year by 2021 – are you secure?

5th June 2018

Cybercrime will cost $6trillion-a-year by 2021 – are  you secure?

Banks use digital innovation to surprise and delight their customers. But how do they do this while staying one step ahead of cyber criminals? VeinID biometrics lets banks improve efficiency AND security, says tech giant Hitachi. More than two-thirds of finance professionals lack confidence in the security of mobile payments, according to a survey for the Association of Financial Professionals.

And CSO Online predict the rush to adopt new digital platforms will expose online businesses to cybercrime costs of $6trillion by 2021. Hitachi says that VeinID, “doesn’t just prevent fraud, it presents some compelling savings for banks, too.” Their detailed infographic here explains all.

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