Across the Asia Pacific region, banks are relentlessly pushing digital boundaries. From Open Banking to new virtual banks to biometric-enabled transactions, the banking industry has never seen such intense competition and opportunity.
Unfortunately, the industry has also not seen such widespread misconceptions about cyber security.
Consider a new survey from Symantec and IDC of 120 banking customers in Asia, Hong Kong, India and Singapore. Some 83% of IT and cyber security executives consider their banks “far from agile.” However, only 43% of Line of Business (LoB) executives share this sentiment.