This Ain't Your Grandma's Data
Irene Aldridge, Steven Krawciw · 2017
This chapter focuses on the trends that allowed for the development of real-time risk as a discipline. The shrinking costs of technology have eliminated entry barriers for thousands of startups wanting a piece of the pie. Fintech was born and has been booming. Still, the plunging costs alone do not tell the whole story about technology's influence on finance. Another component of the fintech revolution was the exponential upgrade in computing power per every square inch (or millimeter, depending on your background) of computing surface—core computer components can be infinitesimally thin. With the adoption of new technology come risks, many previously unknown. Security remains a number-one risk in the financial markets. Brand-new technologies like blockchain are promising to secure transactional data, but may still be vulnerable to attacks with fake identities and the like. Physical security of data transmission results in overall security of data and is delivered by a much-discussed colocation.