According to IDC, only about a quarter of US bank technology budgets is spent on digital transformation, as opposed to business as usual. They expect this to grow to nearer 40 per cent in 2020. This implies a more than doubling of transformation expenditure over the coming four years. There will be deep seams of opportunities to mine. For instance, cyber risk is currently viewed as the greatest risk to the financial system by the Basel Committee.
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Could cyber risk include blockchain destroying their business?
@tony10 I don't think blockchain destroying their businesses would fall under a cyber risk. However, we need cyber security even in businesses that deal with Blockchain technologies. With the increasing amount of users flooding to exchanges we're seeing a parabolic growth in the demand of cyber security professionals.
Yeah yes security is a most importent thing in the saving of a wallets...present in the market most of the sites was came and trade all the coins...but the costs were differnt ..in different sites...so the mosts of the sites have less quality ....so if we choose the better wallet with the best site is most securitu for us....
Cyber security is a great issue. Although big companies constantly work on improving this area- it's not nearly that simple. Blockchain gives us a revolution in this area, but the technology is evolving further, so encryption also should.