The BFSI (banking, financial services and insurance) industry has recently seen significant technical developments. Most banking and insurance operations have gone digital, and the BFSI sector is now processing massive amounts of digital data from various sources. The data being processed is typically of a sensitive nature, containing PII and financial information. As a result, BFSI firms are among the most valuable targets for cybercriminals. Cybersecurity rules around the world, as well as the constant threat from cybercriminals, necessitate a solid data protection solution to defend BFSI operations. Here are five examples of some security practices you should make sure your bank is using.
