NON BANKING FINANCE SERVICES
THE SYNOPSIS
NON BANKING FINANCIAL SERVICE CYBER SECURITY SYNOPSIS
When it comes to the world of finance, there is nothing more important than protecting your assets. And in today’s digital age, where everything from banking to investments happens online, strong and reliable cyber security measures have become more important than ever. This is especially true for non-banking financial services, which deal with sensitive financial information and are often the target of cyber attacks.
THE PROBLEM
As the reliance on technology increases in the financial sector, Non-Banking Financial Companies (NBFCs) face a growing number of cyber security problems.
These problems include phishing attacks, denial of service attacks, ransomware attacks, and data breaches.
Cyber criminals are constantly evolving their techniques and tactics, making it difficult for NBFCs to stay ahead of the threats.
Additionally, NBFCs may not have the same level of resources as larger financial institutions to invest in robust cyber security measures, making them more vulnerable to attacks. It is essential for NBFCs to prioritise cyber security to protect their customers and maintain their reputation in the market.