A type of malicious software that encrypts files and demands payment for their release, posing a significant threat to organizations.
Kaspersky Shares Top 5 Trends in the Financial Sector
BFSI organizations spend an average of $1.2 million annually on cybersecurity, which is significantly lower than the average cost of a major security incident at $3.2 million. Open Banking APIs present both opportunities for innovation and potential entry points for cyber threats.
