In last night’s State of the Union address, President Obama urged Congress to pass legislation to better protect Americans from cyberattacks. The directive comes on the heels of concerning findings recently unveiled by ISACA:
• 46% expect their organizations to face cyberattacks in 2015
• 83% put electronic attacks in the top three threats facing their organization
After the massive breaches the world witnessed during 2014, the increased focus of the U.S. government on cybersecurity, as well as this data, are concerning but not entirely surprising. Financial institutions and enterprises across the globe are losing billions due to electronic fraud. President Obama is only raising awareness to an existing issue, one that is sure to continue through 2015 and beyond.
Electronic fraud in 2015 will grow ever more complex and a solid fraud protection strategy is the only way to minimize risk, reduce losses and protect your customers. I invite you to read our 2015 Fraud Outlook, where you will find insightful data and commentary on how the fraud landscape will continue to evolve this year.