Securing the vault: Cybersecurity and banking
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Banking is a sector that powers modern life. Storing and moving huge sums of money every day makes mortgages, business deals, online purchases and instant ATM cash possible. As a result, banks always attract criminals.
Infamous bank robber Willie Sutton is credited with saying he robbed banks because “that’s where the money is”. There are plenty of modern cybercriminals echoing the sentiment. Keeping intruders out is an essential first line of defence, but, as the evidence shows, quickly detecting and responding to breaches is crucial.