In 2022, a leading Indian bank fell victim to a sophisticated phishing attack. Sensitive customer data was leaked, and millions were lost in fraud. The breach highlighted a critical issue—cybersecurity gaps in financial institutions can lead to catastrophic outcomes. Financial institutions are prime targets for cyber threats due to the sensitive information they hold. To
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The Securities and Exchange Board of India (SEBI) plays a crucial role in regulating the Indian securities market. It ensures fair practices and protects the interests of investors. In today’s digital age, cybersecurity has become increasingly important. Cyber threats can jeopardize sensitive financial data and undermine investor confidence. To address these concerns, SEBI has introduced
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The Reserve Bank of India (RBI) has issued RBI audit requirements for cybersecurity to enhance the resilience of financial institutions against cyber threats. These guidelines are crucial for safeguarding sensitive data and maintaining trust in the banking system. With cyber risks growing more sophisticated, the RBI’s framework serves as a blueprint for robust protection. This
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In 2020, a major automotive company faced a massive cyberattack that disrupted its production for days. The attackers exploited vulnerabilities in the company’s systems and deployed ransomware that halted manufacturing lines. The company suffered millions of dollars in losses and reputational damage. This case was not isolated. As vehicles become more connected, the automotive industry
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