Cybersecurity Awareness for Financial Institutions
The usage of digital channels in the banking industry such as internet banking, digital wallets, mobile and ATM banking has increased. This increases their exposure to cyber-related attacks which may lead to financial and reputational losses. According to the Annual Crime Report 2018, a total of 198 cases were reported compared to 158 cases in 2017 which resulted in a monetary loss of Ugx 610,335,000 to cybercriminals in 2018 alone! Is your bank part of these statistics?
Regardless of size, any Financial Institution can be a target. An attacker can have a number of motives, including theft of data, reputational damage or simply malice. This training will build a solid foundation for understanding cyber risk management practices, improving your information security program and securing your applications.