The general lack of cybersecurity safeguards in fintech companies has raised serious concerns around data protection and compliance, especially with the implementation of EU’s GDPR in May 2018.
Fortinet called for established financial institutions and their fintech partners to jointly address critical cyber security needs in order to forge successful collaborations. The general lack of cybersecurity safeguards in fintech companies has raised serious concerns around data protection and compliance, especially with the implementation of EU’s GDPR in May 2018. The recent spate of global cyber attacks has also emphasized the need for application security and cloud protection.
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Source: https://cio.economictimes.indiatimes.com/
