BOLSTERING CYBERSECURITY IN THE BANKING SECTOR The Role of Technology in Preventing Cyber Attacks and Fraud In an era of digital transformation, the banking sector stands at the forefront of rapid innovation, presenting new opportunities and fresh challenges. Among these challenges, cybersecurity emerges as a paramount concern. The rising tide of cybercrime, marked by sophisticated attacks and unprecedented levels of fraud, is a significant threat to financial institutions and their customers. This comprehensive examination in Finance Monthly explores the crucial role of technology in enhancing cybersecurity in the banking sector. It sheds light on how financial institutions can fortify their defenses, prevent cyber-attacks, and protect customers from fraud, leveraging the power of advanced technologies. Despite the escalating threats, the intersection of banking and technology can serve as a formidable bastion against cybercriminals when strategically managed and intelligently implemented. Finance Monthly. Banking & Financial Services 15
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