back Back

Samsung finds increase in security threats for FS firms working remotely

By Sunniva Kolostyak

March 12, 2021

Share

A quarter of financial organisations in the UK saw an increase in security threats during the transition to remote working at the start of the Covid-19 pandemic, Samsung for Business has found.

The research from Samsung Enterprise Edition surveyed decision-makers and employees in the professional services sectors to identify the main technology challenges the UK finance sector has faced over the past year.

It found that 26 per cent of respondents have experienced increased security threats, and 32 per cent of businesses admitted to not having enough mobile devices to offer to their remote workers.

With mobile technology becoming essential for remote productivity, almost seven in ten (67 per cent) employees admit to having used their personal device for work purposes, either exclusively or alongside a work device. Of these, 15 per cent noted that they have not felt confident in the security of their device for the past 12 months.

Due to the shift, organisations have faced, and are still facing, a wave of challenges to deploy a mobility strategy that is controlled, effective and secure. This includes a race against time to secure operations as the nation is preparing for a future of hybrid working – and the research predicts that a quarter of Brits will work from home full-time by 2025, compared to just 5 per cent pre-pandemic.

According to Joe Walsh, director of B2B at Samsung UK & Ireland, the last year has shown that the industry can never be too prepared when it comes to securing their businesses. This has driven the popularity of Enterprise Management Mobility (EMM), technology and software that enables businesses to securely manage employee use of mobile devices and applications.

“Mobile phones have become more critical than ever for productivity, but the acceleration of remote and hybrid working models has made the management and protection of large mobility fleets even more challenging – particularly for those who have note previously considered it,” Walsh said.

“It is encouraging to see that enterprise solutions are becoming a popular and effective way for SMEs to boost security, and we continue to listen to our customers to develop integral solutions that address their day-to-day challenges. With Samsung Galaxy Enterprise Edition, we provide organisations with more choice, more control and more protection when managing their mobile fleets, so they can do less work and more business.”

Moreover, Samsung found that 62 per cent of SMEs either started or expanded their use of EMM within the last year, with nine in ten adopters planning to invest even more in 2021. Every adopter (100 per cent) are experiencing benefits, with over half per cent seeing tightened security, one third seeing a performance boost, and four in ten decision-makers seeing simplified management of devices.

Previous Article

March 12, 2021

Crédit du Maroc taps Temenos for its Digital Transformation

Read More
Next Article

March 12, 2021

Tinkoffs adds voice assistant to Clubhouse, grows 21% in 2020

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 12, 2025

Al Rayan Bank upgrades its core banking solution with Finastra

Read More

February 11, 2025

Zeta raises $50m in fresh funding; valuation jumps to $2bn

Read More

February 05, 2025

Aldermore Bank taps Temenos to modernise business savings

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More