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Cyber Security in Banking: Threats, Solutions & Best Practices

eSecurity Planet

From personal information like Social Security numbers and addresses to sensitive financial details, banks store a treasure trove of data that, if compromised, can lead to identity theft, fraud, and significant financial loss for individuals. Cyber security plays a crucial role in safeguarding this information from unauthorized access.

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Understanding Cybersecurity

SiteLock

With database access, thieves can use the data to commit fraud, blackmail, extortion, identity theft and to turn a quick profit by selling it to other criminals on the dark web. Distributed denial of service (DDoS) prevention: Tools that protect the site from crashing under the strain of DDoS attacks.

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The Global Cyber Arms Race: Ensuring Competitive Advantage in National Defense

SecureWorld News

DDoS attacks can overwhelm websites and disrupt services. Cybercriminals focus on financial gain through activities like ransomware and identity theft. This includes not only technical measures such as backups and redundancy, but also organizational and human factors such as training and awareness.

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Is Cisco’s Acquisition of Splunk a Shade of Brilliance or Madness?

Security Boulevard

AI-enabled security protection layers are needed to handle the expected growth of AI-enabled email phishing attacks, DDoS attacks, and identity theft. Gone are the rooms full of human security engineers and IT ops people processing log files and security telemetry.

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The role of cybersecurity in financial institutions -protecting against evolving threats

CyberSecurity Insiders

Financial institutions face a range of cybersecurity threats, including phishing attacks, malware, ransomware, and denial of service ( DDoS ) attacks. These threats can result in the theft of sensitive customer data (PII), financial fraud, and reputational damage. Sometimes theft of PII can lead to identity theft too.

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The ultimate guide to Cyber risk management

CyberSecurity Insiders

Cybercrime costs approximately $600 billion per year, accounting for over 1% of global GDP, as per The Center for Strategic and International Studies (CSIS), and 300,562,519 people were affected by publicly disclosed security breaches the previous year, as per the Identity Theft Resource Center. Application Layer. Network elements.

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Application Security: Complete Definition, Types & Solutions

eSecurity Planet

Also read: Database Security: 7 Best Practices & Tips Use better and unique passwords to protect your data from breaches, reduce identity theft, and better protect sensitive and personal information. Threats such as SQL injection and cross-site scripting ( XSS ) attacks can be minimized with techniques such as input sanitization.

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