What is Cybersecurity?
Cybersecurity may be defined as the act of securing every computing hardware as well as software that are connected by the means of an Internet connection or even cloud, in recent times. The cloud is gaining more popularity in line with positive business outcomes, it has also become prone to malicious entities and attackers who’re always looking to steal valuable user information.
Cybersecurity is a more technical term that corresponds to the physical security of systems present in data centers or any other computing system. Thus, there has been an increased demand for securing valuable user information. Cyber-attacks have now evolved into major threats for the BFSI Sector.
What Cyberattack Means in BFSI?
A cyber attack in the BFSI Industry opens doorways for malicious attackers along different channels. This could be a singular event where one person is targetted and his large amount of money or data is stolen using credit/debit card information, net banking, etc. If the attacker looks to target banks, then it is considered as a huge heist by the means of DDoS attacks, spear-phishing, ransomware, malware taking place on mobile devices to name a few. Governments across the world have emphasized heavily on strict security protocols and technology to stop these data breaches.
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