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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 from FICO and Ovum shows the Swedish telecommunications industry at risk of underinvesting in security

STOCKHOLM — May 23, 2017

Highlights:

  • 60 percent of Swedish executives believe the number of data breach attempts will be higher in a year, but fewer than half of the executives surveyed believe their company will have stronger cybersecurity protection in a year.
  • The largest gap is found in among telecommunications executives, where 63 percent believe the number of attacks will increase in the coming year, but only 38 percent said their investment in cybersecurity protection would increase.
  • Ovum conducted telephone surveys for FICO of security executives at 350 companies in Sweden, Finland, Norway and other countries

52 percent of Swedish 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 (46 percent) believe their company will have stronger cybersecurity protection in a year. 6 percent even believe their cybersecurity protection will worsen in the coming year.

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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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