Published on June 11, 2020
Updated on October 19, 2023
2 mins to read
How the financial industry is vulnerable to cyber attacks
2 mins to read
The financial industry is a very attractive target for cyberattacks. As of today, we know a couple of extremely “successful” International attacks. For example, in 2016, a hacker attack cost Bangladesh’s Central Bank $100 million. The same year, the Russian Central Bank lost $31 million. Since then, cybersecurity concerns are just growing and hackers’ interest is increasing. With the increased threat, the need for better cybersecurity became critical. Cyberattacks can be damaging in many ways: 1. Damage can be as much as half of…
