As the banking sector forges ahead with digital transformation, it is increasingly becoming a prime target for sophisticated cybercriminals. The stakes are high as these institutions grapple with protecting not just colossal financial assets but also sensitive customer data. In an era where digital
In a significant security incident, Santander Bank fell victim to a hefty cyberattack conducted by the notorious hacking group ShinyHunters. This event unfolded in May, coinciding with another targeted attack on Ticketmaster. Millions of customers and employees of Santander Bank were affected as
Introduction: AI tools are increasingly becoming essential in financial operations for detecting fraudulent activities and providing accurate financial forecasts. In an era where digital transactions are the norm, these applications are paramount for maintaining security and achieving strategic
The finance sector in Bangladesh is experiencing a significant digital revolution, with the growing prominence of web-based banking services reshaping how individuals and businesses manage their financial transactions. This article explores the various facets of this transformation, driven by
UniCredit, Italy's leading bank, has faced tough sanctions from the Italian Data Protection Authority (Garante) due to a data breach in 2018 that left customer information vulnerable. The bank has been fined €2.8 million for failing to uphold the strict data security standards mandated by the
The current banking institutions confront three critical challenges that threaten their operations and the broader financial sector's stability. Cybersecurity threats loom large, demanding vigilant protection of sensitive data against relentless attacks. In tandem, banks grapple with a complex web
