Security News > 2022 > January > When it comes to banking security, there’s no silver bullet

The major players in the space were simply too large to facilitate a quick digital transformation, but the arrival of nimble start-ups and changing user habits have really led them to embrace digital banking.

The move to online banking presents a larger attack surface for cybercriminals to exploit and attack.

Banks are no different, cybercriminals understand that these systems are too big to be fully defended at all times so they often look for security flaws or misconfigurations that are left unnoticed.

Banks can focus on hiring and expanding their security team so responsibilities are spread across more equally and create bandwidth for other cybersecurity initiatives.

What do you think the future of banking security will be? What should be their primary focus?

In the near future, banking security will focus on implementing confidential computing to keep pace with the transition to cloud technology and remote work.

News URL

https://www.helpnetsecurity.com/2022/01/13/banking-security/