The Ongoing Challenges of Cybersecurity in BFSI
The Banking, Financial Services, and Insurance (BFSI) sector, a cornerstone of global economic stability, is grappling with an unprecedented surge in cyber threats. As we navigate the challenges of an evolving digital landscape, the BFSI sector faces critical issues that demand immediate attention.
What's Inside:
- Anticipating supply chain threats as the next major attack vector by 2025, demanding vigilant monitoring.
- Unprecedented cyber threats demand heightened security infrastructure to combat financial losses, reputational damage, and legal liabilities.
- Tools like CBEST and cyber stress testing actively enhance operational resilience, focusing on retail payment disruption.
- India witnessed a surge in cyberattacks, with the BFSI sector as large public and private entities are now prime targets, stressing the need for enhanced cybersecurity strategies.