Nocashevents OneSpan wins CyberSecurity Breakthrough Award for mobile security innovation for second consecutive year. The company is coming to Banking 4.0.

OneSpan wins CyberSecurity Breakthrough Award for mobile security innovation for second consecutive year. The company is coming to Banking 4.0.

According to recent research from KuppingerCole, the estimated cost related to cybercrime will reach up to $10.5 trillion by 2025. Leading banks around the world use OneSpan’s Mobile Security Solutions to secure transactions for millions of their remote banking customers.

OneSpan, the global leader in digital banking security and e-signatures, announced that its OneSpan Mobile Security Suite (MSS) has been named “Overall Mobile Security Solution of the Year” for the second consecutive year from CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market today.

OneSpan Mobile Security Suite detects and mitigates cyber threats and related fraud, and helps ensure the integrity and protection of mobile users, apps and data.

„Using MSS, banks and other organizations can quickly integrate advanced mobile app security and modern authentication into their mobile apps. Financial institutions can also deliver a convenient and secure mobile offering to their customers by natively integrating MSS’ mobile app security, biometric authentication, e-signatures and transaction signing,” the company said.

Mobile apps have become the touchpoint of choice for billions of banking customers worldwide and the pandemic has only accelerated this trend. With the exponential growth of consumers on mobile devices, cybercriminals will only continue to use increasingly sophisticated methods and technology to exploit users to make money,” said OneSpan Interim President & CEO, Steven Worth. “MSS is built for this challenging mobile threat landscape, helping banks and businesses increase overall security while providing a near-frictionless user experience.”