The financial industry is rapidly advancing into a new digital era – more dynamic, intelligent, and interconnected than ever before. However, it brings not only rapid operational processes, highly personalized customer experiences, and limitless scalability, but also opens a door for cyber risks to slip through. According to the Kaspersky IT Security Economics 2024 report, banking, financial and insurance (BFSI) organizations spend an average of $1.2 million a year on cybersecurity. While this figure may seem substantial, it pales in comparison to the cost of a major security incident – ...