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Cyber Threats Surge in India’s Financial Sector - Fintech Singapore

Summary by Fintech Singapore
Cyber threats have become an immediate and inescapable reality for India’s banking, financial services and insurance (BFSI) industry. In 2024, the sector witnessed a surge in the sophistication, scale, and diversity of cyberattacks, with phishing attacks, deepfakes and tech vulnerabilities emerging as key threat vectors and attack techniques, according to a new report by the Indian Computer Emergency Response Team (CERT-In), the Computer Securit…
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The Bank of Israel is issuing a serious warning about a significant increase in the volume of financial fraud expected in the coming year, 2025. A survey conducted by the Banking Supervision Department indicates that the banking system in Israel expects that the upward trend in fraud, which has been observed in recent years, will continue and even increase significantly in the coming year. The main concern that the bank emphasizes is the expecte…

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Fintech Singapore broke the news in on Friday, May 9, 2025.
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