120612-AITE-Cybercrime-BayPay-June-2012

Views:
 
Category: Entertainment
     
 

Presentation Description

Presentation made by AITE for the BayPay Forum June 2012 event at Silicon Valley Bank on Cybercrime's impact on payments. This presentation was followed by a panel of executives from Visa,

Comments

Presentation Transcript

Slide 1: 

Page 1

Malware is big business and growing rapidly : 

Malware is big business and growing rapidly 73,000 new threats being released every day, 50% designed to compromise online credentials Key weapon in the arsenal of an organized underground economy. Source: Aite Group, Panda Security

Malware defined : 

Malware defined Common types Trojans Botnets Man-in-the-Middle Rootkits Worms Viruses Distribution methods Phishing Injection Advanced persistent threat Mobile apps SEO poisoning

Malware is the root cause of the greatest amount of pain today… : 

Malware is the root cause of the greatest amount of pain today… Source: Aite Group interviews with 32 North American FIs, August - October 2011

…and the trend is expected to continue. : 

…and the trend is expected to continue. Source: Aite Group interviews with 32 North American FIs, August - October 2011

E-commerce is also a big target : 

E-commerce is also a big target Source: Aite Group surveys and interviews with 22 e-commerce merchants, March to April 2012

While online threats still far outweigh mobile risks, that will change as mobile transaction volume increases. : 

While online threats still far outweigh mobile risks, that will change as mobile transaction volume increases. Source: McAfee Threat Report, 4Q 2011 1800 unique strains 75 million+

Aite Group: Partner, Advisor, Catalyst : 

Aite Group: Partner, Advisor, Catalyst Aite Group (pronounced eye-tay) is an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry. Julie Conroy McNelleyResearch Directorjmcnelley@aitegroup.com

authorStream Live Help