Financial services enterprises fall victim to cybersecurity attacks 300 times more often than businesses in other industries. These attacks are a threat to your customers’ information and assets, as well as to your reputation. Lose the vital public trust that stems from your security credentials and you run the real risk of losing your place in the market.
You are not powerless against attacks
However. Increased security will be c level contact list paramount to success in the financial services industry in 2020. Leading digital enterprises are built on customers’ trust that they can protect their personal and highly sensitive information. Preserving that trust will remain crucial to achieving success in the coming year and beyond.
There are powerful strategies and technologies you can incorporate into your financial software development process to protect your customers and your reputation.
How To Balance Strategy and Software Security
It’s a delicate balance to strike. On the software outsourcing & cloud services: scalable business solutions one hand, the increased use of mobile platforms, the growth of the Internet of Things applications, the use of third-party vendors, and borderless data exchanges are going to define the financial industry’s success and advancement into 2020. On the other hand, all these technology-driven trends have the potential to raise the cyber threat to financial service customers.
So how do you responsibly use these tools to maximize ROI while minimizing risk? The weapons to combat these threats are two-fold. You can upgrade the methodologies used in financial software development, and you can update the technologies that guard sensitive information. These strategies and technologies cover 5 major themes:
- Modernize your software development planning and execution
- Submit projects to rigorous quality assurance testing
- Investigate blockchain contact lists technology as a data-sharing option
- Employ data science analysis to monitor trust and behavior
- Engage an outsourced software security expert
These approaches offer 2020 solutions and standards for protecting your information and reputation against a series of emerging threats.
