Cybercrime is one of the greatest threats to every bank. The use of technology in banks has increased by a large proportion. With technological advancements, there has been a rise in cyber crimes. As a whole, a bank functions with the help of technology and the human factor.
The weakest link in the chain of security is human. The stakeholders play an important role in the functioning of a financial institution. Hence, they are a target for various cyber crimes. Every person in the bank needs to be aware about the cyber threats, how to tackle such security incidents, and the measures to be implemented for the cyber safety of the entire financial institution.
75% decrease in organisations’ susceptibility to cyber incidents post awareness training.