The global financial services market was worth over $25 trillion in 2022. That kind of wealth inevitably attracts malicious activity. Cyber-criminals are broadly speaking after the wealth of highly monetizable personal and financial data that financial institutions hold on their customers, or access to their accounts. But at the same time, banks themselves want to use that data to deliver better services more efficiently. This is a challenge when it must be locked down to avoid a potential breach.

*** This is a Security Bloggers Network syndicated blog from comforte Blog authored by Thomas Stoesser. Read the original post at: https://insights.comforte.com/fortifying-finance-navigating-the-cybersecurity-landscape-in-banking