February 6, 2017 — Only 19% of UK banks and insurers say they can detect a data breach
Lisa Baergen, Director at NuData, comments on the findings that one in five UK financial service organisations are highly confident they can detect a data breach.
Only one in five (19 percent) UK financial service organisations are highly confident they can detect a data breach (21 percent globally).
A new report from Capgemini highlights the gap between the level of trust placed in banks by the public and the reality. The research was comprised of 7600 consumers and 183 senior data privacy and security pros from banking and insurance firms from the UK, US, France, Germany, India, the Netherlands, Spain and Sweden.
In commentary to SC Media UK, Lisa Baergan, director at NuData Security said, “Customer loyalty is the lifeblood of banks, and the fact that they must have security in place has many of them looking to implement physical biometric solutions that can offer a more secure authentication at login and are a visible gatekeeper that reassures the customers. FIs are also implementing security behind the scenes, like passive biometrics, that are transparent to customers and offer highly accurate identity verification and account-based protections based on user behaviour analysis. The real win for consumers and banks in the constant drive to balance experience and security is the multi-layered approach that offers multiple layers of defence.”
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