Global Cyber Attack Could Cost $121.4 Billion, Lloyd’s Estimates

Average losses from a scenario where an attack would cause a widely-used cloud-service provider to fail would be $53 billion, depending on organisations involved and the length of the data storage disruption, Lloyd’s said in the report. Insurers could face total claims in that scenario ranging from $620 million to $8.1 billion, according to the »

Mobile testing provider of the year — Perfecto

How quickly can a bank test its app on hundreds of combinations of devices and operating systems?  Perfecto, a provider of cloud-based mobile testing environments, offers a solution for a highly fragmented market. Bank customers are unforgiving when it comes to mobile apps. Bugs mean lost market share. But every new phone release — indeed »

Lloyds Banking Group trials biometrics in user acceptance test

Lloyds Banking Group will collaborate with Microsoft to test biometric authentication for customer logging into the Lloyds Bank, Halifax, and Bank of Scotland online portals. The pilot will start in the second half of 2017. Biometric technology uses unique markers, such as fingerprints or iris patterns, to verify the identity of the user of a »