88% of companies are willing to pay extra in order to work with a bank that has a strong security policy and a proven security track record, a new survey by Kaspersky Lab shows. Almost three thirds of the companies surveyed also stated they select banks due to their security reputation.<\/p>\n
Banks today operate more like IT companies than financial institutions. #protectmybiz<\/p>Tweet<\/a><\/blockquote>\n
The survey shows that 94% of businesses are now using online banking in their day-to-day operations (it is a bit surprising that it isn\u2019t 100%). Convenience is the primary factor here, as response times are improved and operational costs reduced. However, there are also safety reservations. These businesses now check the reputation of the bank they are going (or not going) to work with. The risk of a company falling victim to financial fraud is very real and immediate; besides, if cybercriminals manage to intercept transactions, they may also be able to acquire an entry point into the corporate infrastructure of the company. This is something that just shouldn\u2019t happen.<\/p>\n
And for banks it means a bit of an extra IT strain; most of the time the fraud incident isn\u2019t the bank\u2019s fault, but rather the consequence of end-users neglecting their own security and then expecting the banks to reimburse their losses<\/a>.<\/p>\n
On a global scale fraud costs banks literally billions<\/a>, even dozens of billions per year. Single successful operations such as Carbanak may cost billions alone. And while operations of that scope are still few and far between, their numbers grow. Fraud appears to be lucrative enough for cyberfraudsters to stay extremely active and find new tricks to do their \u201cbusiness\u201d.<\/p>\n