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For large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather than the immediate cost of the breach.
Summary
Besides business interruption, ransomware, data theft, cyber extortion and third-party liabilities are among the key risks.
This is a brief wire summary, the full story (linked below) has the complete details.
KazaSec's take
Incidents like this rarely start with the headline event itself, they usually trace back to an exposed remote-access endpoint, an unpatched perimeter system, or a credential phished weeks earlier. The organizations that recover fastest are the ones that tested their defenses and their incident response plan before they needed them.
Coverage details
We've archived 84 other articles touching the same topic (bank of baroda, au small finance bank, central bank of india) , see the full security news archive.
Relevant from KazaSec
More coverage on this topic
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