With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. At the same time, individual credit units may be small, but in aggregate they pack a punch. In addition, Snap’s stock has dropped precipitously since its initial public offering (ICO), and gig workers might drive longer hours or make more deliveries if they received quicker payments.
Data:
$248.26 billion: The projected size of the global banking cybersecurity market by 2026.
100 million: The number of members that credit unions represent in the United States.
85 percent: The percentage of gig workers who would work more often if paid faster.
80 percent: The percentage of mobile devices that will rely on biometric authentication by the end of 2018.
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55 percent: The drop of Snap stock from its initial public offering (IPO) last year to an all-time intraday trading low this October.
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