As most banks urge customers to shift to the virtual space, their ability to create fortresses against cyber aggresses has come into the spotlight. ET argues that banks’ current defences against online fraud are not unbreachable.These are a few cases of online fraud that came to light recently. With electronic banking on the rise, lenders have become vulnerable to the risks of such transactions, even as regulations are becoming more stringent as far as know your customer (KYC) rules are concerned.
SOURCE: economictimes.indiatimes.com
Most Commented Posts
2020 Cybersecurity Landscape: 100+ Experts’ Predictions
Cyber Security Predictions 2021: Experts’ Responses
Experts’ Responses: Cyber Security Predictions 2023
Data Privacy Protection Day (Thursday 28th) – Experts Comments
Experts Insight On US Pipeline Shut After Cyberattack
Most Active Commenters
Recent Comments
“Cybersecurity Awareness Month’s new evergreen theme "Secure Our World” is…
“Avoid storing data on personal devices: A crucial but often overlooked…
“I recommend a new nuance to passwords that isn’t often…
“In my role overseeing cloud environments and incident response, I'm…
“Cybersecurity Awareness Month serves as a reminder to confront the…