Why cyber security is crucial to strengthen your banking services

Resilience has been seen in the economic effects of the COVID-19 pandemic on India’s banking sector. However, some of the concerns experienced during the pandemic were credit risk, online fraudulent transactions, crisis management, and cyber threats. Lack of access to systems and data was a major technological challenge as well.Cyber security solutions imply the use of technologies and practices with the purpose of network protection, device protection from virtual attacks for the prevention of defects due to unauthorized access. Ensuring you have a good cyber security solution in place ensures a strong foundation for highly reliable banking services.