Cyber threats are evolving rapidly, posing significant risks to the BFSI sector. It is essential to know the importance of cybersecurity in bfsi sector. Ransomware attacks, phishing schemes, data breaches, and advanced persistent threats (APTs) are rampant, targeting sensitive financial data. As cybercrime costs surge toward $10.5 trillion annually by 2025, BFSI institutions must fortify their defenses against these sophisticated threats to ensure operational continuity and protect client trust.
