ERIC, INFORM Team Up to Advance Financial Service Security [Yahoo! Finance]
Arista Networks, Inc. (ANET)
Last arista networks, inc. earnings: 2/13 04:05 pm
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Source: Yahoo! Finance
The collaboration will work to bolster the security posture of financial services. ERIC offers a robust and simple digital wallet and payment service named Ericsson Wallet Platform that combines mobile communications and financial services capabilities. The platform has 114 million active users across 24 countries. Every month, it processes around 3 billion transactions, topping $43 billion. However, ensuring the security and reliability of each transaction is a significant challenge amid growing cybercriminal activities. In today's fast-paced digital age, businesses across industries are increasingly relying on online banking services. Cybercriminals are continuously improvising techniques and developing sophisticated fraud schemes and money laundering tactics to take advantage of system vulnerabilities. A successful security breach can lead to substantial financial losses and severely damage an enterprise's reputation. Amid this backdrop, businesses are looking for a solution th
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