BS BFSI Summit: Banking experts emphasise customer vigilance on cyber fraud

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Mondal added that both customers and bank employees must stay informed about emerging fraud tactics to reduce vulnerability.

Mondal described cybersecurity as a “cat and mouse game,” emphasising that fraudsters need only one successful attempt to breach security.

Kamakodi noted that most fraud cases arise from customers unintentionally sharing sensitive information, though banks also face sophisticated system attacks.“From multiple levels, day in and day out, resources are allocated to stay one step ahead of attackers.

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Category: BusinessFinance

Markets: India

Topics: BS BFSI Summit Tushar Vikram Pralay Mondal Baldev Prakash N Kamakodi Ethical hacking City Union Bank CERT-In Digital fraud Customer education BFSI Cybersecurity challenges Mashreq Bank India CSB Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:09:22 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23461459

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