The Present and Future of Cybersecurity in Fintech and Beyond

The Present and Future of Cybersecurity in Fintech and Beyond

Even for those of us directly involved in tech and computing, it can be exhausting to try to closely follow news and developments in the area of cybersecurity.


Not only has there been a wealth of cybersecurity news over the last several years, most of it surrounding major security breaches tied to enormous brands, but there also always seems to be another breach on the horizon, despite concentrated efforts to prevent openings in cybersecurity.


Cybersecurity tech continues to advance, and even 2-factor authentication alone has had a measurable benefit for the average user. But we can always count on hackers to look for new ways around cybersecurity, both through tech and through social-based techniques.


To look into these matters in more detail, Soup.io spoke with Gyorgy Tomso.


Gyorgy Tomso has spent much of his career working in FinTech (financially-focused technological solutions and services), and as you might expect, this area represents an especially appealing target to hackers looking to commit fraud and steal personal information since they could potentially gain not only card numbers but banking info as well.


A startup pioneer in Hungary, Tomso has directly contributed to the growth of Pay U.S.A. as well as that of Euronet Worldwide Inc., and more to the point, he deployed machine learning fraud and merchant risk solutions with Pay U.S.A., decreasing loss by 5x.


Tomso’s unique perspective on cybersecurity and machine learning make him an ideal choice for this piece and we’d like to thank him for his contributions to our coverage.



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Decreasing fraud loss with new tech


Consistently, available tech has proven to be incredibly useful in combatting cybe ..

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