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Financial Banks, Financial institutions and platforms such as Beanstalk Farms, insurance broker Aon, IRA Financial Trust and many more together lost hundreds of millions of dollars in cryptocurrencies such as bitcoins, ethereums and dollars.
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Cyber Threats to Banking, Financial Services and Insurance
NEERAJ DAS Blogger | Cyber Security in Banking, Financial Services, Insurance
Financial Banks, Financial institutions and platforms such as Beanstalk Farms, insurance broker Aon, IRA Financial Trust and many more together lost hundreds of millions of dollars in cryptocurrencies such as bitcoins, ethereums and dollars.
In April 2022, the Federal Bureau of Investigation – FBI – issued warnings against cyber threat groups
The targets of cyberattacks such as novel ransomware range from established industrial groups to local farmers in the United States and the BFSI sector.
Banks and other financial institutions hold crucial customer information, and attackers know this, which is why banks and financial institutions must put a robust cyber security framework.
The obvious reason why cyber security is essential for transactions within the banking industry is the protection of customers' and stakeholders’ assets.
In cybersecurity software over the past few years, 360Quadrants with an extensive comparison of 89 vendors in Cybersecurity Software across 132 criteria.
We track over 15,000+ software across 1200 categories https://www.360quadrants.com/software/cybersecurity- software/bfsi-industry