Enhancing Cyber Defenses in Indian Banking Industry
Saurabh Bhattacharya · SAMVAD · 2024
The banking industry is greatly threatened by cybercrime, which makes it necessary to do a thorough investigation to comprehend its effects and forthcoming developments for cybersecurity. Research highlights the constant evolution of cyber risks and the disastrous effects of cyberattacks on Indian banking systems. The study explores the rise in cybercrime, the difficulties that the financial services industry faces, and the pressing demand for creative approaches to cybersecurity. Following cyber regulations and being up to date with new developments is essential for reducing risks and protecting the banking sector as cyberattacks are becoming more complex. The author suggests new-age technology and methods that can be used to tackle cyberattacks in the banking industry.