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

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

Quick Summary:

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.