BFSI VULNERABLE TO CYBER ATTACKS
According to the cyber crime report of 2014-15, losses of Rs 26,000 crores were reported in Indian banks. On an average, around Rs 70 crore of loss is being reported in the banking domain due to cyber security
Maximum cyber attacks on websites happen because of human error. BFSI sector suffers largest number of cyber attacks i.e. around 58% because of involvement of money. Around three lakh cyber attacks were registered in 2015. Banks generally face attacks like phishing attack, key loger (online banking). Technology provides speed, accuracy, accessibility and scalability.