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Fintech Cybersecurity Trends in 2021

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Article by  Beau Peters When the pandemic struck, online bad actors took it as an opportunity to double-down on their attacks through ransomware, malware, and social engineering. Newly remote workers and remotely connected workplaces had to adapt rapidly to a greater digital threat as well as a public health crisis. Now, cybersecurity may just be the most important aspect of financial technology (fintech) in the modern world. With 2020 being the worst year on record in terms of files exposed in data breaches , a thorough security approach is necessary to combat modern dangers. Fintech relies on cybersafety more than any other digital platform. Luckily, new tech trends could help keep our financial data safe even with an increase in risk. Here’s what you should know.  The Rising Risks The widespread shift to a work-from-home (WFH) economy left countless networks vulnerable to cyber attacks. Hastily implemented cloud data processes and security needs failing to keep pace with te...

Cyber Security Businesses: Solving Challenges Through New Technologies

From everyday transactions to transport planning, as our world becomes more dependent on technology, cybersecurity risks are becoming more common, and more dangerous.  Luckily, there’s a range of cybersecurity businesses and start-ups attempting to solve this issue through innovative new technologies. We look at some recent projects and partnering opportunities tackling cybersecurity challenges.  Antivirus Software From Japan Established in 2007, a Japanese company has developed security software to detect unknown threats. They have developed a heuristic application consisting of five engines to detect malware and protect users. These engines include ; Static analyses Sandbox runs programs on a virtual environment Dynamic analyses (monitors the behaviour of currently running programs) Machine learnings Vulnerability attack protection The advantage of this technology is that it does not depend on pattern files. So far, the programs have detected several major threa...