Covid - 19 and open banking

SafeValue must use [property]=binding: Pandemic hysteria has undoubtedly pushed digital progress in financial services. As API provider TrueLayer claims, the open banking operations surged 832% in the UK from March to July 2020. Moreover, August 2020 brought the news about the initiation of the £3 million tender for the provision of an open banking-based “Payment Initiation and Account Information Service.” This cannot be explained by anything other than the rise of the government's keen interest in this area. In addition to the clearly positive, if we may say so, the impact of COVID -19 on the digital financial services market, open banking has highlighted the risks of cybercrime, including fraud and privacy breaches. For the first four months of 2020, 907,000 spam messages, 737 incidents relating to malware, and 48,000 malicious URLs were detected, and all of them related to the COVID -19. Exploiting users' interest in a given problem, cyber burglars use fishing emails to catch victims to steal their personal information. Thus the cybersecurity issues are becoming strictly important in pandemic reality. Banks, regulators, TPPs - all stakeholders, have to take extraordinary measures to stop the cyber-criminal wave that threatens to overwhelm the field of open banking. (see http://g.co/ng/security#xss)