Financial analytics is a field that provides different views of company’s financial data. It helps the company’s in calculation of financial statements and also helps in forecasting future financial scenario. On the basis of financial analytics three business models are developed – business-to-business, business-to-consumer, and business-to-employee. Also, financial analytics helps to improve business process, to understand performance of organization, manage investments of the company’s, and to measure & manage value of tangible and intangible assets of an organization.
Rising demand for real time analytics in financial system, and increasing penetration of Internet of Things (IoT) are key factors driving growth of the global financial analytics market. In addition, rising adoption of cloud services and solutions, and growing awareness about usage of financial analytics are other factors expected to boost growth of the global financial analytics market over the forecast period.
However, concerns related to data security is a major factor restraining growth of the global financial analytics market. Additionally, internet connectivity issues in developing economies is another factor expected to hamper growth of the global financial analytics data over the forecast period.
A major and rising trend in the global financial analytics market is increasing preference for big data analytics and use of business intelligence (BI) in business process. This is another factor expected to aid in growth of the global financial analytics market over the forecast period.
The global financial analytics market is segmented on the basis of deployment type, organization size, application, end-user, and region. On the basis of region, the global financial analytics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.