Daily Newsletter

22 July 2024

Daily Newsletter

22 July 2024

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Cybersecurity in Banking and Payments

Due to the proliferation of data breaches and digital heists across the banking sector, banks must now comply with regulations that have implications for data handling, cyber risk testing, and incident reporting. Banks are also proactively exploring the prospect of using new technologies and initiatives alongside existing security controls to improve their risk postures and protect against potential future threats. Examples of these technologies include AI, biometric identification, behavioral science, and quantum computing.

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