The rise of online banking and E-Commerce and Straight Through Processing (STP) mean that Cyber Security has become an increasing priority for the Financial Services sector. Some of the major cyber threats faced include malware, phishing, insider abuse of access, and unauthorised network access.
More recently the industry has seen the threat landscape change. Information breaches such as the DDoS attacks from the Izz ad-Din al-Qassam Cyber Fighters have shown the potential to destroy data and company reputations. An active defence is required against threats that are becoming smarter and more complex. Cyber Security is increasingly becoming core to risk strategy for financial institutions.
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