New Frontiers in Securing Payments: Navigating the Complexities of Cybersecurity
The Surge in Cybercrime and the Importance of Cybersecurity in the Payments Industry The outbreak of the COVID-19 pandemic has witnessed an alarming surge in cybercrime activity, with the finance sector, especially the payments industry, being a primary target. In 2022, more than 60% of global financial institutions with over $5 billion in assets were…