Financial institutions are putting Big Data to work in big ways, from boosting cybersecurity to cultivating customer loyalty through innovative and personalised offerings.
Leading banks are making use of Big Data in big ways, from boosting cybersecurity to cultivating customer loyalty through innovative and personalised offerings that make modern banking a highly individualised experience.
Sens. Elizabeth Warren (D-Mass). and Mark Warner (D-Va). introduced a Senate bill Wednesday focused on boosting cybersecurity infrastructure at companies like Equifax by holding them accountable for data breaches.
PINGED: The Trump administration wants Congress to boost government-wide cybersecurity spending about 5percentt, from about $16.6 billion during the 2019 fiscal year to $17.4 billion during the 2020 fiscal year, according to a budget document released Monday.
Businesses in the financial and retail industries have boosted spending on cybersecurity following a string of high-profile breaches in the last two years.
For comparison, under the Digital Europe programme €2 billion will be invested in the next few years to boost the EU's cybersecurity industry and financing state-of-the-art cybersecurity equipment and infrastructure.
"This legislation reduces discretionary spending while continuing to preserve core priorities such as job creation, fighting crime, gangs, terrorism and human trafficking, bolstering cybersecurity, and boosting U.S. competitiveness through smart investments in science and space exploration," said CJS subcommittee Chair Frank Wolf in a press statement today.
The accelerator was launched to secure the UK online, enable companies to produce the next generation of cybersecurity systems, and boost the country's $28 billion cyber security sector, which currently contributes around $2.6 billion a year in exports to the UK economy.
The Pentagon plans to dramatically boost the ranks of U.S. cybersecurity forces, expanding its number of cyber warriors more than five-fold, the Washington Post reported Sunday.
Tucker Davey details how cybersecurity can get a boost from machine learning.
