According research (PDF) made by Kaspersky Lab and B2B International, as soon as the 52% of financial companies and 46% of businesses engaged in e-commerce believe that they need to take enhanced measures to protect financial transactions. Even fewer companies in this area provide protection for their customers' devices.
E-commerce companies are the ones that are less focused on protecting financial activities. 16% of companies in the sector say they are not interested in installing dedicated cyber security solutions scams, while only 38% are willing to invest in such tools
Overall, 30% of businesses that work with online cash flows do not provide or plan to offer protection to customer devices during the transaction, although this is the weakest point in the security chain, potentially affecting the loss of money for customers, but also the impact on profits and the reputation of the company itself. 28% of businesses are not interested in installing anti-fraud software on their customers' mobile devices, while 30% of businesses are not trying to protect their own IT infrastructure against potential online fraud.
This frightening attitude towards the protection of payments can lead to negative comments from customers. According to the survey, users' three-quarters (3 / 4) are expecting financial companies to take responsibility for keeping their handsets. Also, 40% of respondents feel certain that the company will provide compensation for any lost money.
However, its statistics Kaspersky Lab show that the number of digital threats targeting individual users' financial data is constantly increasing. For example, according to Kaspersky Security Network, attacks using malware to target banking have touched 1,4 million the 19 period May-19 June, recording an increase of 15%, compared to the 19 April-19 May period.
"Now, in everyday life, it's not so likely to see criminals robbing banks, storming into them, shouting 'Robbery!' and shooting into the air. More and more crimes are "moving" into the digital world. Online criminals are targeting banks by going after the least protected links in the chain, i.e. customers' devices and the transactions made with them. To protect their customers and funds – and consequently their corporate reputation – financial institutions should use comprehensive and multi-layered solutions that proactively address fraud to maximize efficiency and optimize the user experience. The use of a single platform that also protects the terminal device of the customer and the bank's environment, provides targeted and comprehensive prevention where other solutions fail," said Ross Hogan, Global Head of the Fraud Prevention Division at Kaspersky Lab.
For example, the platform Kaspersky Fraud Prevention it is specially designed for banks, payment systems and e-commerce companies. Utilizing security solutions for the servers of a financial organization secures transactions from the company's side. It also offers apps that install on users' devices and provide a secure environment for electronics payments. The implementation of this multifunctional solution makes it possible to protect at every stage of a pluschanges, while the additional services of the Kaspersky Fraud Prevention platform alert bank security services of any new threats and help strengthen reliable security policies.
