The usage of digital channels in the banking industry such as internet banking, digital wallets, mobile and ATM banking has increased. This increases their exposure to cyber-related attacks which may lead to financial and reputational losses. According to the Annual Crime Report 2018, a total of 198 cases were reported compared to 158 cases in 2017 which resulted in a monetary loss of Ugx 610,335,000 to cybercriminals in 2018 alone! Is your bank part of these statistics?
Regardless of size, any Financial Institution can be a target. An attacker can have a number of motives, including theft of data, reputational damage or simply malice. This training will build a solid foundation for understanding cyber risk management practices, improving your information security program and securing your applications.