PRIVACY AND TRUST FOR FINANCIAL MARKETS

Privacy and trust for financial markets
Privacy and trust for financial markets

The Financial Services sector is one of the largest and most important sectors within the UK economy. As the volume and value of online financial transactions continues to grow, the requirement to protect consumers and financial institutions from attack is also growing. Deloitte's 2010 Financial Services Global Security Study found that the security budgets of global financial institutions are on the rise, with 70% of UK financial institutions having increased their information security budgets over the previous 12 months. There is a clear need for financial institutions to take a proactive approach to the prevention and detection of fraud, and to reduce the impact on the industry and the individual consumer. The attraction of the potential rewards as the result of a successful attack means that attackers are committing more and more resource to attempt to infiltrate systems through fraud and malware. As well as dealing with the current nature of attacks, the industry needs to look for innovative technology that will allow them to detect and prevent attacks from happening.

This research programme includes the following areas: