Cybersecurity in Payments - Thematic Research

Cybersecurity in Payments - Thematic Research

Summary

This report provides in-depth analysis of trends in the cybersecurity market that will shape the payments space over the coming years.

As the banking and payments world becomes ever more digitized, any providers that do not follow the trend will risk losing out. Fintechs are aiming to disrupt the traditional players, and consumers are also demanding a digital environment to conduct their banking and payment activities. The COVID-19 pandemic has only accelerated the shift towards a digital world. Payment providers need to be constantly vigilant about cybersecurity in the digital era, as fraud is an ever-growing threat.

Scope

• Opportunities and demand for cybersecurity protection in payments will continue to grow across the world as the value of payment transaction grows.
• The main trends shaping the cybersecurity in payments theme over the next 12 to 24 months include artificial intelligence, ransomware, and cross-site scripting (XSS) attacks.
• The COVID-19 pandemic has increased cyber risk significantly. Remote working is here to stay, with most office-based employees likely to work from home for at least some part of the week for the foreseeable future.

• Understand the shift in cybersecurity trends within the payments industry.
• Drill down into the various areas of cybersecurity and how they can be a threat to the payment sector.
• Understand how COVID-19 has changed the way consumers make payments and how to prevent cybersecurity threats arising from the pandemic.
• Understand the market opportunity in cybersecurity and where it is going with market sizing forecasts to 2024.
• Gain a broad view of merger and acquisition activities on the payment side of the cybersecurity industry.