Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
27th September 2011
Market estimate for cybercrime losses in North America
A reports issued by Aite, the analyst company, estimates losses from cybercrime in North America will be around $210m this year, rising to $371m by 2015. The report is the result of three separate studies and conversations with 40 vendor organisations.
There are expected to be 20m strains of malware released this year rising to 87m by 2015. Julie Conroy McNelley, senior analyst with Aite Group and co-author of the report said: "It is much easier to be a successful bad guy than a successful good guy; a criminal who is successful in one of 100 attempts will make off with a tidy sum," she said. "Banks, on the other hand, must seek perfection in their attempts to protect themselves and their customers."
Conroy went on to say that a number of approaches developed by the industry were proving successful.