Digital technologies are revolutionizing the international financial system and bringing unprecedented opportunities to the developing economies. Forecasters predict that, globally, 1.6 billion more individuals will be able to use financial services because of technological innovation. Yet with opportunities come risks – specifically, the growing threat of financial crimes. Cybersecurity expert Tom Kellermann dissects the role of cryptocurrencies and alternative payment systems in global cybercrime in this detailed look at modern financial governance. getAbstract recommends this illuminating guide to digital technology’s dark side to financial professionals, investors and regulators.
In this summary, you will learn
- How digital innovation poses opportunities and threats to the financial system,
- Why cryptocurrencies are at the center of this environment, and
- What steps policy officials should take to mitigate financial cybercrimes.
About the Author
Tom Kellermann is CEO of Strategic Cyber Ventures and a global fellow at the Wilson Center.