THE MONTH IN NUMBERS The month in numbers 3x


Cyberattack breaches on fi nance houses have tripled in fi ve years


The average cost of cybercrime for fi nancial services companies globally has increased by more than 40% over the past three years, from $12.97 million per fi rm in 2014 to $18.28 million in 2017.


Nearly two-thirds (60%) of fi nancial services companies’ total security costs is spent on containment and detection of cyber breaches. Business disruption and information loss together account for 87% of the cost to respond to cybercrime incidents, with revenue loss accounting for only 13%.


Banks in Hong Kong


experienced an unanticipated surge of more than HK$20 billion ($2.55 billion) a month in ATM withdrawals.


In 2018, budget allocation at trading desk panels is expected to be about 60% on trader compensation and 40% technology, a shift from a 70/30 split recorded in 2015.


17 million Nano tokens, valued at


Temenos shares fell 4.9% following acquisition denial.


$195 million, allegedly hacked out of BitGrail exchange, as sceptics claim it’s an “exit scam”.


Identity fraudsters bag 1.3 million US victims in 2017 as card not present fraud booms.


Bitcoin transaction fees increased tenfold in 2017,


which in smaller payments can make up for 30% of the payment itself, prompting dark web users to choose Litecoin and Dash instead.


900 staff members to be hired at Metro Bank throughout 2018, increasing its headcount to nearly 4,000.


86%


86% of SMB leaders say they are actively focusing on improving business agility in 2018.


Half of the respondents


(51%) are specifi cally introducing new technology to respond faster to trends and opportunities, while 52% say that without the benefi ts of updated workplace technology they will fail within fi ve years.


IBS Journal March 2018


47


55% of Fiserv lending business acquired by Warburg Pincus in a


$395 million deal.


Lloyds Group is to cut 1,000 jobs as


it prepares to reveal new three-year plan.


www.ibsintelligence.com


AU$752m


$591 million spent by the Commonwealth Bank of Australia in the fi rst half of 2018, around AU$350 million ($275 million) less than it spent in H1 2017.


1,000


Icons by Iconika/The Noun Project


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