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Investing in the security of the financial sector – expert perspectives from VSoft and VeloBank

In the world of dynamically developing FinTech, where modern financial services based on the latest technologies are changing the way finances are managed, cybersecurity is becoming a priority.

📊 In the last article the editorial team drew attention to the increase in the number of hacker attacks, which in 2023 reached almost twice the number in 2021. Data from Statista Market Insights show that the costs of global cybercrime will increase from USD 9.22 trillion in 2024 to USD 13.82 trillion by 2028. The editorial team asked a representative of the banking sector – Przemysław Koch, a member of the management board of VeloBank – to comment on this matter. and a representative of the software provider for the financial industry VSoft – Mateusz Podoba, a software expert.

Expert perspectives

In his statement, Przemysław Koch emphasizes the need for a multi-level fight against cybercrime, including continuous improvement of internal banking systems and the use of algorithms for detecting irregularities and anomalies in access to banking channels.

“The scale and diversity of fraud attempts are growing. We must act on many levels to counteract cybercrime. First of all, we constantly improve our internal systems to increase the bank’s resistance to increasingly sophisticated attack vectors. On the front line, we have IT solutions based on algorithms for detecting irregularities or anomalies in access to bank channels. Thanks to analytics, machine learning and AI algorithms, we detect and thwart the actions of fraudsters” explains Przemysław Koch.

In response to growing threats, the financial sector is investing heavily in advanced network security, anti-fraud technologies and data encryption. Companies increasingly use two-stage authorization and meet legal requirements, such as the National Cybersecurity System Act (UKSC), which imposes obligations on key operators.

In his statement, Mateusz Podoba points to the growing demand for innovations in the field of cybersecurity, especially in the financial, health, public administration and technology sectors. Companies are looking for solutions to protect against ransomware and phishing attacks as well as tools to support safe remote work and digital identity management. According to the expert:

“There is a noticeable constant increase in market interest, which is driven by both the growing number of cyberattacks and the dynamic development of technology, including artificial intelligence. Companies are increasingly aware of potential threats and are actively investing in technologies to secure their data and infrastructure.”

Customer education

Despite companies’ continuous efforts, the customer is still a weak point in the security chain. Lack of awareness of cybercrime threats can lead to serious financial consequences and data theft. Therefore, not only the improvement of security systems but also customer education plays a key role.


In summary, the fight against cybercrime in the financial sector requires continuous investment in innovation and education to ensure protection for both companies and their customers.