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Blockchain can help cybersecurity professionals looking to secure mobile applications with its transparency, decentralization and the encryption it provides.
Financial institutions must protect themselves from salami attacks, which consist of a sequence of small, fraudulent transactions that can easily bypass detection but, combined, can result in considerable losses.
Digital banking provides faster processing of financial transactions, more convenience, and a model that allows for the continuation of a financial industry even in the face of a pandemic. However, digital banking makes banks vulnerable to cyberattacks. Banks are now facing fresh security challenges that were brought on or affected by COVID-19. Here is what you need to know about them and how to protect yourself.
Kaspersky Lab announced the results of a survey which found that banking customers are hesitant to use mobile features due to fraud and security concerns.