The banking industry is responsible for safeguarding the assets of businesses and consumers while facing constant threats from cybercriminals seeking access to their systems. Key security concerns include protecting monetary funds, personally identifiable information, intellectual property, and business-critical data. With cyberattacks on the rise, financial institutions are adopting advanced methods for detection, remediation, and resolution of threats. According to the British Banking Association, 2013 marked a sharp increase in cyberattacks, making the impact of breaches on reputation and client confidence a critical risk for banks.

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