Financial Crime World

Here is the rewritten article in Markdown format:

Cybercrime on the Rise in Georgia’s Finance Industry as State Emerges as Cybersecurity Hub

Georgia has cemented its position as a leader in the finance technology (FinTech) and cybersecurity sectors, with 70% of all US transactions processed by payment processing firms based in the state. The state is also home to over 75 cybersecurity companies generating an estimated $2.6 billion annually, making it one of the country’s top cybersecurity hubs.

Success Factors

  • Long-term investments in cyber-related workforce education and infrastructure
  • Pro-business environment that attracts major companies to the state

Georgia Tech was recently named the number one undergraduate program in cybersecurity education by U.S. News & World Report, and plans to establish a new School of Cybersecurity and Privacy to meet the critical US workforce need.

Major Investments

  • Microsoft Corp. opened a new $75 million facility creating 1,500 high-tech jobs in West Midtown, Atlanta
  • Georgia State University earned prestigious designations from the National Security Agency and Department of Homeland Security for its commitment to cybersecurity research and training

The state is also investing heavily in cyber-related education at the high school level through a FinTech Career Pathway program launched by the Georgia Department of Education and the University System of Georgia.

Cybersecurity Hubs

  • The Georgia Cyber Center continues to stimulate investment in Augusta and catalyze synergies between education and research, benefiting both the public and private sectors
  • Notable investments include:
    • Perspecta Inc.’s new regional office at the Georgia Cyber Center, which will bring 178 jobs to Richmond County
    • Deluxe’s plans to establish a FinTech Customer Innovation Center in metro Atlanta, delivering over 700 highly specialized jobs

Last year alone, FinTech companies in Georgia generated more than $72 billion.

Future Outlook

Georgia’s proactive investments in cybersecurity education and infrastructure have positioned the state well to remain at the forefront of the industry for decades to come.