Invertir en ciberseguridad bancaria

▤ Summary

Esther García, journalist for the site, provides further details from the report published this year by the Spanish Confederation of Savings Banks (CECA), which states that “its member institutions, including Caixabank, Unicaja, Abanca, Kuxabank and Ibercaja, invested more than 1.6 billion in technology in 2019, of which 57.7 million was directed to cybersecurity and 84 million was spent on training in protection from hackers”. He adds, “Spain has the same problems as the rest of advanced countries in terms of phishing and fraud, but it has made great progress in early warning systems and two-factor authentication to prevent them.” Indeed, early warning systems associated with mobile banking have become a tool to support the sector in the prevention of cyberattacks on banks, and are one of the most widely implemented and highly-developed technological products. According to Latinia, with more than 20 years of experience in developing real-time decision and communication software for the financial sector, and as Juliana Ortiz, Customer Success Manager of the company explains, “alert engines allow the bank to ensure that even if the customer is not interested in receiving certain types of notifications, the bank can guarantee they immediately see any operation or transaction that is suspected of being fraudulent”. María José Echevarría, Sales Regional Manager for Central America at Latinia adds that “the bank’s decision engines specialised in filtering transactional events can play a very important role in the fight against cybercrime as they keep the customer informed in real time, and this allows us not only to immediately identify fraud but also to take action to prevent it from spreading”. Gateway allows for the unification, control and management of notification processes for critical events, such as OTP or two-factor authentication (2FA), separate from regular transactional messages.

▦ Linked Companies

Latinia

$1M to $5M