Insurance is by far the world's most popular grudge purchase. However, its undisputed new rival, cybersecurity, is getting a lot more attention in recent times, especially amid convergence between traditional banks and mobile connectivity. An ongoing court battle recently highlighted just how badly things can go wrong when a bank's security system relies on a mobile network's efficacy, which at the best of times can quite easily be intercepted by criminals masquerading as employees.

A bank's traditional architecture of large pillars and thick walls typically projects strength. It is designed to communicate might and impenetrability...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now