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ntegrated products . [Some panies] have been making a big deal about best of breed. I think both approaches have issues. We’re seeing customers out there who have 10 to 15 boxes doing just the enterprise 2 gateway. So they do want an integrated solution, but they aren’t willing to take chances with secondand thirdtier solutions. Where the market is moving is where you need the bestof breed technology. But if you can deliver it in an integrated solution, that is when you win. How have the threats that users face changed in recent years? McNULTY: Most of the things we are intensely worried about today didn’t exist 10 years ago. The threat has changed from the kid in the basement trying to impress his friends by defacing a Web site to anized crime and to very petent puter experts trying to steal and to mit crimes. The FBI’s most recent report said that the cost of fraud on the Inter to American businesses was $67 billion. That’s just the tip of the iceberg, because it’s only the amount that people want to own up to. Signaturebased defenses designed to prevent [trouble] after the horse has escaped the barn are ancient technology. Jaikumar Vijayan, Security Vendors Say Merger Will Give Them More Financial Heft[J], Computerworld, 2021(22) 2: Introduction Real estate finance institutions as well as the mortgage banking landscape have undergone a profound restructuring since the late 1980s. The industry continues tochange rapidly. This change is driven by technological innovation, deregulation, and an increasing petition within the sector triggered by nonbank financial intermediaries (see Bank for International Settlements, 2021。A) treadmill. Consolidation activity among mortgage banks and other real estate The current issue and full text archive of this journal is available at finance institutions has increased significantly during the last decade, and particularly within the last three years. Despite the consolidation, hardly any empirical research analyses the value implications of Mamp。A in the related financial institutio