Abstract

Cybercrime is a growing industry around the world imposing significant costs on firms. Cyber threats have driven companies to build layers of defenses, resorting to a variety of products and services developed by different cybersecurity vendors. The financial sector is a major target for cybercriminals. The pace of cyberattacks is accelerating too quickly for banks to rely on manual threat analysis and response. The financial organizations face a growing threat from malicious cyber activity. In the financial sector, speed of response is critical to identify and block cyber threats. Regulators are taking notice of the increased risk of cyber threats. Paper draws our attention to information protection system of bank.

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