The banking and financial services industry, with troves of sensitive information and assets worth billions of dollars, has long been a primary target of cyber criminals. Accelerated digitization efforts, cloud adoption, hybrid working environment, growing interconnectedness of people, processes, organizations, risks, and other factors are increasing the cyber risk exposure of banks, insurers, and investment companies exponentially.
There is a heightened sense of urgency across organizations to reimagine their cyber risk and resilience programs to enable them to get and stay ahead of cyber risks.
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