Smart devices, mobile phones and tablets are becoming the control hub for the myriad of connected devices and the Internet of Things (IoT) – as are bring-your-own-device (BYOD) policies in many organizations today. But this is creating unique and heightened security risks for IT professionals, such as higher exposure to data breaches, malware and compliance violations. BYOD is no longer an industry trend; it’s a fact of life for enterprise-wide operations and the IT organizations that must support them.
As consumers adapt their habits and increasingly transact online, demand for digital financial services has risen exponentially. Consumers now expect user-friendly apps and seamless journeys at the touch of a button, but they also want financial institutions (FIs) to protect their data in a complex fraud and cybersecurity threat landscape.
As a result, FIs are under pressure to provide smooth onboarding processes, featuring the most up-to-date biometric authentication and identity verification technology.
FStech, a leading platform for technology and business decision-makers in the financial services sector, together with HID Global, conducted a survey to assess these key challenges and opportunities for financial institutions.