The global banking & payments industry experienced a 51% drop in company filings mentions of cybersecurity in Q2 2023 compared with the previous quarter, with the highest share accounted for by Itau Unibanco Holding with 20% year-on-year increase, according to GlobalData’s analysis of over 663 banking & payments company filings. GlobalData’s Cybersecurity in Banking – Thematic Research market report provides a detailed understanding on how Cybersecurity impacts the value chain in the Banking & Payments sector, and the leading Cybersecurity adopters and vendors in the market. Buy the report here.
Notably, cybersecurity was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of financial wellness and batteries, according to GlobalData.
Of the top leading companies in the banking & payments industry, Itau Unibanco Holding had the greatest increase in references for cybersecurity in Q2 2023, compared with the previous quarter. GlobalData identified 65 cybersecurity-related sentences in the company's filings - 0.8% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. KKR’s mentions of cybersecurity rose by 100% to 60 and Nexi’s by 100% to 59 and Mastercard’s by 100% to 57 and Public Bank’s by 100% to 50.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cybersecurity in Q2 2023 was 142.
To further understand GlobalData's analysis on Cybersecurity in Banking - Thematic Research, buy the report here.