5 Latest Cyber Threats Facing Banks, Financial, and Insurance Institutions
- AI is being weaponized by cybercriminals to automate phishing attacks and develop sophisticated malware.
- Ransomware 3.0 employs double and triple extortion techniques, threatening to publish sensitive data if demands are not met.
- Deepfake technology is being used to impersonate executives and manipulate financial transactions.
The increasing sophistication of cyber threats in the financial services sector necessitates urgent action and collaboration among industry leaders. The BFSI Security Summit represents a vital opportunity for stakeholders to share knowledge and develop robust strategies to safeguard sensitive data and maintain customer trust.
