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India and Korea first APAC countries to comply with AEOI changes in September 2017

SINGAPORE — 24 May 2017

HIGHLIGHTS:

  • 1 in 5 APAC Banks say tax evasion will more than double in 2017. Only 22 percent of respondents felt tax evasion would decrease.
  • 68 percent of respondents say they do not currently have the resources or solutions to identify and report tax evasion properly.
  • Only 22 percent of respondents have applied behavioural analytics to help fight financial crime.

For more information: http://www.fico.com/en/risk-compliance/tax-compliance

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Survey by FICO and Ovum reveals lack of data breach response plans

LONDON — May 23, 2017

Highlights:

  • 53 percent of UK executives surveyed believe the number of data breach attempts will be higher in a year, but fewer than half the executives surveyed believe their company will have stronger cybersecurity protection in a year
  • Just 48 percent say their investment in cybersecurity will rise in the next year
  • Only 41 percent of firms surveyed have a tested data breach response plan, compared to 52 percent in the US
  • Ovum conducted telephone surveys for FICO of security executives at 350 companies in the UK and other countries

Less than half of UK firms will increase their investment in cybersecurity protection to match an expected rise in data breaches, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO. Less than half of executives surveyed believe their company will have stronger cybersecurity protection in a year.

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Survey by FICO and Ovum reveals disconnect between investment and expected improvement in overall security

SAN JOSE — May 23, 2017

Highlights:

  • 56 percent of US executives surveyed believe the number of data breach attempts will be higher in a year, but just 49 percent say their investment in cybersecurity will rise
  • The financial services industry in the US is particularly at risk, with 87 percent of executives expecting an increase in attempted breaches but only 47 percent anticipating an increase in investment against such breaches at their company
  • Despite the lack of investment, 53 percent of executives expect their firm to be in a better cybersecurity position in a year
  • Ovum conducted telephone surveys for FICO of security executives at 350 companies in the US and other countries

Less than half of US firms will increase their investment in cybersecurity protection to match an expected rise in data breaches, according to a new survey conducted by Ovum for Silicon Valley analytics firm FICO. Yet just over half of executives surveyed believe their company will have stronger cybersecurity protection in a year.

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