{"id":5532,"date":"2019-12-12T15:15:12","date_gmt":"2019-12-12T15:15:12","guid":{"rendered":"https:\/\/fintech.global\/AIFinTechForum\/?p=5532"},"modified":"2019-12-12T15:15:12","modified_gmt":"2019-12-12T15:15:12","slug":"the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year","status":"publish","type":"post","link":"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/","title":{"rendered":"The global cybersecurity in financial services market set to grow by 9.5% per year"},"content":{"rendered":"<p><em>From:\u00a0<\/em><a href=\"http:\/\/member.regtechanalyst.com\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/\">RegTech Analyst<\/a><\/p>\n<p><strong>Hack attacks and compliance concerns are expected to push the cybersecurity sector to grow at a compound annual rate of 9.5% by 2027.<\/strong><\/p>\n<p>That is according to new research from Absolute Markets Insights. It attributed the rise of the market for companies providing cybersecurity for the financial industry to the evolution of technology.<\/p>\n<p>Essentially, the Fourth Industrial Revolution has made bigger parts of the financial industry run by machines, which has in turned motivated lawmakers around the world to become even stricter when it comes to cyber threats.<\/p>\n<p>With new laws popping up across the world that regulate digital defences, financial services firms have been forced to respond, resulting in the growth of the cybersecurity market.<\/p>\n<p>The growing cyber threat is also a reason for the growth of the industry. Absolute Markets Insights noted that there were approximately 1,579 data breach incidents in 2017, out of which 8.5% was experienced by financial sector.<\/p>\n<p>This is in line with\u00a0<a href=\"http:\/\/member.regtechanalyst.com\/why-investments-in-cybersecurity-companies-are-on-the-rise\/\">RegTech Analyst\u2019s own research<\/a>. Cybersecurity has grown its part of the RegTech investment space since 2014. That year it was as 14%, according to\u00a0<a href=\"http:\/\/member.regtechanalyst.com\/uptick-in-cybersecurity-deals-drives-regtech-funding-above-1-3bn-in-q1-2019\/\">RegTech Analyst\u2019s data<\/a>. That number grew to 20.9% in 2018 and to 42.6% in the first six months of 2019.<\/p>\n<p><a href=\"http:\/\/member.regtechanalyst.com\/uptick-in-cybersecurity-deals-drives-regtech-funding-above-1-3bn-in-q1-2019\/\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-33273\" src=\"http:\/\/13.90.211.187\/wp-content\/uploads\/2019\/12\/RegTech-subsector-696x653-2.jpg\" alt=\"\" width=\"696\" height=\"653\" \/><\/a><\/p>\n<p>Copyright \u00a9 2019 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From:\u00a0RegTech Analyst Hack attacks and compliance concerns are expected to push the cybersecurity sector to grow at a compound annual rate of 9.5% by 2027. That is according to new research from Absolute Markets Insights. It attributed the rise of the market for companies providing cybersecurity for the financial industry to the evolution of technology&#8230;. <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":5533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The global cybersecurity in financial services market set to grow by 9.5% per year - AI in Financial Services Forum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The global cybersecurity in financial services market set to grow by 9.5% per year - AI in Financial Services Forum\" \/>\n<meta property=\"og:description\" content=\"From:\u00a0RegTech Analyst Hack attacks and compliance concerns are expected to push the cybersecurity sector to grow at a compound annual rate of 9.5% by 2027. That is according to new research from Absolute Markets Insights. It attributed the rise of the market for companies providing cybersecurity for the financial industry to the evolution of technology.... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/\" \/>\n<meta property=\"og:site_name\" content=\"AI in Financial Services Forum\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-12T15:15:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fintech.global\/AIFinTechForum\/wp-content\/uploads\/2019\/12\/workplace-2303851_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"James Haxell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Haxell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/\",\"url\":\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/\",\"name\":\"The global cybersecurity in financial services market set to grow by 9.5% per year - AI in Financial Services Forum\",\"isPartOf\":{\"@id\":\"https:\/\/fintech.global\/AIFinTechForum\/#website\"},\"datePublished\":\"2019-12-12T15:15:12+00:00\",\"dateModified\":\"2019-12-12T15:15:12+00:00\",\"author\":{\"@id\":\"https:\/\/fintech.global\/AIFinTechForum\/#\/schema\/person\/7ae8d9db346a6c8e7b29caa3ac2bce71\"},\"breadcrumb\":{\"@id\":\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fintech.global\/AIFinTechForum\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The global cybersecurity in financial services market set to grow by 9.5% per year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fintech.global\/AIFinTechForum\/#website\",\"url\":\"https:\/\/fintech.global\/AIFinTechForum\/\",\"name\":\"AI in Financial Services Forum\",\"description\":\"The most senior-level event event for the adoption of AI in Financial Services\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fintech.global\/AIFinTechForum\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fintech.global\/AIFinTechForum\/#\/schema\/person\/7ae8d9db346a6c8e7b29caa3ac2bce71\",\"name\":\"James Haxell\",\"url\":\"https:\/\/fintech.global\/AIFinTechForum\/author\/jhaxell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The global cybersecurity in financial services market set to grow by 9.5% per year - AI in Financial Services Forum","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fintech.global\/AIFinTechForum\/the-global-cybersecurity-in-financial-services-market-set-to-grow-by-9-5-per-year\/","og_locale":"en_US","og_type":"article","og_title":"The global cybersecurity in financial services market set to grow by 9.5% per year - AI in Financial Services Forum","og_description":"From:\u00a0RegTech Analyst Hack attacks and compliance concerns are expected to push the cybersecurity sector to grow at a compound annual rate of 9.5% by 2027. That is according to new research from Absolute Markets Insights. It attributed the rise of the market for companies providing cybersecurity for the financial industry to the evolution of technology.... 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