Cybersecurity in Banking and Payments – Thematic Intelligence

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Cybersecurity in Banking and Payments Thematic Report Overview

The rapid evolution of digital banking and the growing number of interconnected devices have made it easier for customers to manage their finances through online channels. Unfortunately, this has exposed banking companies to increasing levels of cyber threats. Since the impact of cyberattacks on banks can be catastrophic, stronger measures will be needed to counter the continuously evolving cyber threat landscape. Due to the proliferation of data breaches and digital heists across the banking sector, banks must now comply with regulations that have implications for data handling, cyber risk testing, and incident reporting. Banks are also proactively exploring the prospect of using new technologies and initiatives alongside existing security controls to improve their risk postures and protect against potential future threats.

The ‘Cybersecurity in Banking and Payments’ thematic intelligence report gives you an in-depth insight into the cybersecurity theme and the ways it will impact the banking and payments industry. It further entails a deep-dive analysis of the industry. The report gives an insight into the market players and the competitive landscape within the theme.

Report Pages 65
Regions Covered Global
Value Chain ·       Hardware

·       Software

·       Services

Leading  Cybersecurity Adopters ·       ABN AMRO

·       BBVA

·       DBS

Leading  Cybersecurity Vendors ·       Accenture

·       Alphabet (parent company of Google)

·       Check Point Software

Specialist Cybersecurity Vendors ·       Armis

·       Checkmarx

·       CyberArk

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Cybersecurity - Value Chain Analysis

The cybersecurity value chain is made up of three components, hardware, software, and services. The software component can be further sub-segmented into identity management, network security, and others.

Cybersecurity Value Chain Analysis

Cybersecurity Value Chain Analysis

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Cybersecurity in Banking and Payments – Competitive Landscape

Leading Cybersecurity Adopters

A few leading banking companies currently deploying cybersecurity are:

  • ABN AMRO
  • BBVA
  • DBS

Leading  Cybersecurity Vendors

A few leading vendors associated with cybersecurity are:

  • Accenture
  • Alphabet (parent company of Google)
  • Check Point Software

Specialist Cybersecurity Vendors

A few specialist cybersecurity vendors in the banking sector are:

  • Armis
  • Checkmarx
  • CyberArk

Key Companies Deploying Cybersecurity in Banking and Payments

Key Companies Deploying Cybersecurity in Banking and Payments

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Payments Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
  • The risk screen ranks companies within a particular sector based on overall investment risk.

Payments Sector Scorecard – Thematic Screen

Payments Sector Scorecard – Thematic Screen

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The Cybersecurity in Banking and Payments report also includes:

  • Retail banking sector scorecard
  • Wealth management sector scorecard

Key Highlights

  • Cybersecurity efforts in the banking sector are split among those mandated by regulations, those considered to be best practices, and emerging technologies and initiatives.
  • Many cybersecurity regulations in the banking sector overlap, creating challenges for banks in dedicating resources towards compliance.
  • CISOs are critical to a bank’s cyber resilience as they work to understand cyber threats and vulnerabilities and communicate this to key stakeholders across the company.
  • Banks are also proactively exploring the prospect of using new technologies and initiatives alongside existing security controls to improve their risk postures and protect against potential future threats. Examples of these technologies include artificial intelligence, biometric identification, behavioral science, and quantum computing.

Reasons to Buy

  • Access market size and growth forecasts of cybersecurity in the banking market.
  • Identify leaders and laggards in cybersecurity across payments, retail banking, and wealth management.
  • Understand the key challenges facing the banking industry and how these challenges accelerate the need for cybersecurity.
  • Access primary research case study examples of cybersecurity vendors and investment in the banking industry.
  • Understand cybersecurity adoption using alternative datasets and analysis showing M&A activity, mentions of cybersecurity technology in company filings, and cybersecurity hiring trends in the banking industry.

ABN AMRO
Accenture
Alphabet
Armis
BBVA
Check Point Software
Checkmarx
Cisco
Cloudflare
CrowdStrike
CyberArk
Darktrace
DBS
Dell Technologies
FiVerity
Fortinet
Goldman Sachs
HSBC
IBM
IDEMIA
iSignthis
JPMorgan Chase
Mastercard
Microsoft
Monese
One Identity
Palantir
Palo Alto Networks
Rapid7
Tenable
Thales
Trellix
Trustwave
UOB
Visa
Wipro
Zscaler

Table of Contents

  • 1. Executive Summary
  • 2. Players
  • 3. Value Chain
  • 4. Banking and Payments Challenges
  • 5. Impact Assessment

    • 5.1. The impact of cybersecurity in banking and payments
    • 5.2. The impact of banking and payments challenges on cybersecurity

  • 6. Case Studies
  • 7. Market Size and Growth Forecasts
  • 8. Cybersecurity Timeline
  • 9. Signals

    • 9.1. M&A trends
    • 9.2. Patent trends
    • 9.3. Company filing trends
    • 9.4. Hiring trends

  • 10. Companies

    • 10.1. Leading cybersecurity adopters in banking
    • 10.2. Leading cybersecurity vendors
    • 10.3. Specialist cybersecurity vendors in banking

  • 11. Sector Scorecards

    • 11.1. Payments sector scorecard
    • 11.2. Retail banking sector scorecard
    • 11.3. Wealth management sector scorecard

  • 12. Glossary
  • 13. Further Reading
  • 14. Our Thematic Research Methodology
  • 15. About GlobalData
  • 16. Contact Us

Frequently asked questions

Cybersecurity in Banking and Payments – Thematic Intelligence thematic reports
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