This document argues that financial institutions and insurers, which are cited as 300 times more likely to face cyberattacks than other industries (BCG), should adopt simulation-based skilling to ensure SOC and incident response teams are ready before facing real incidents. It describes how a Fortune 10 bank uses Cyberbit to mirror its production environment, including a replica network with 70 virtual machines, 5 next-generation firewalls, 3 SIEM platforms, and 15 segmented networks, enabling safe live-fire practice, playbook testing and optimization, and tool testing without risking business disruption. It emphasizes that people are the critical factor in effective security, noting human failure to follow protocols as a leading BFSI incident driver (ISACA, 2019), and highlights Cyberbit’

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