A recent ransomware attack has brought a significant part of India's banking sector to a standstill. Affecting over 300 banks, the attack targeted critical payment systems, causing massive disruptions in everyday banking functions and leaving millions of customers without access to essential
The ongoing digital transformation is significantly reshaping the financial sector, affecting how banks and financial institutions operate, interact with customers, and deliver services. By integrating advanced technologies and meeting the rising demand for digital banking, financial institutions
The financial services industry is undergoing a significant transformation driven by technological advancements, evolving customer expectations, and changing regulatory landscapes. Central to this transformation is the evolving relationship between fintechs and traditional banks. Once seen as
The insurance industry, traditionally known for its conservative approach and slow adaptation to change, is undergoing a significant transformation. This change is driven by the advent of financial technology, or fintech, which is reshaping how insurance services are designed, delivered, and
The Digital Operational Resilience Act (DORA) is a regulation introduced by the European Union to enhance cyber resilience and operational sturdiness in the financial sector. With the increasing frequency and sophistication of cyber threats, DORA aims to safeguard over 22,000 financial institutions
The digital transformation of the banking industry has brought significant advantages but also opened the door to new cybersecurity threats. As cybercriminals become more sophisticated, bank executives must prioritize Attack Surface Management (ASM) to safeguard their institutions. This article
