Image sourced from Planful. A new report by The Financial Times Focus and Mambu shows banks must redesign their role in society to avoid extinction. More than two thirds (67%) of banks think they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. Banks Must Transform Urgently The results illustrate the urgency for banks to modernise their offering as 58% of respondents predict they will cease to exist completely in the next five to ten years if they fail to change...
Image sourced from Shutterstock. Threat actors will never turn down an opportunity for innovation, and the COVID-19 pandemic has provided an enormous such opportunity. We are seeing this quite clearly in the numbers coming through – and the new ‘normal’ around distributed denial of service (DDoS) attacks is not normal at all. So says Carole Hildebrand, Senior Strategic Marketing Writer at NETSCOUT, a leading global provider of service assurance, security and business analytics. Writing in a recent blog, she explains, “After an astonishingly active first quarter of DDoS attack activity, things calmed down a bit for the second quarter of 2021. Unfortunately, ‘calmed down’ is a relative term.” NETSCOUT decided to compare the numbers of DDoS attacks during the COVID-19 era of 2020 and 2021 thu...
Fifth-generation (5G) wireless broadband is no longer a future technology – it’s here and is already available in limited key metropolitan areas in South Africa. The country, with its limited Internet access and infrastructure, high data costs and ailing economy, can benefit in multiple ways from 5G. However, there are also some issues that South Africa needs to deal with as communication service providers (CSPs) gear themselves for the 5G era and maximise the value the technology can bring. A recent study by IT services and consulting company Accenture, titled The Future Home in the 5G Era, opens a window into consumer lives in a 5G world and offers a roadmap for service providers to make hyperconnected 5G living a reality when we need it most. Globally, the value of access to information...