Application delivery firm Akamai has called on financial institutions to review their business and IT alignment to ensure they don't fall victim to cyber attack, arguing that new digital channels are increasingly being launched by banks without a sufficient IT strategy behind them.

The calls came in a new Akamai report published by IDC on Thursday,New Threats Demand Innovative Responses.

t outlines how the sector is constantly trying to evolve its products and services to meeting the growing demands from customers for online and mobile banking, but warns that cyber criminals are targeting this space with increasing sophistication.