Bank of America Corp has announced that it will add to its existing security protection for online banking following a series of high-profile data breaches at several big US companies in recent months.

The bank will incorporate Intel’s Online Connect technology, enabling fingerprint touch payments, within its online banking systems over the next 12 months.

Data breaches are nothing new within the finance sector, and can be among the most costly due to the amount of commodity and data that banks and financial partners process on a daily basis.

Credit monitoring firm Equinox was the victim of a cyber breach between May and June 2017, when information belonging to millions of American customers stolen.