Everyday digital threats that your banking organization business needs to watch out for

Financial institutions are 300 times more likely to get targeted for cyberattacks than other organizations. Banks also suffer more devastating impacts from cyber incidents. Rapid digital transformations across the financial sector make it a prime target for cybercrimes.

Why banks should outsource IT

Banks have to adopt innovations and digitally transform to stay competitive. By relying on outsourced IT teams, in-house IT teams can spend time on new and more significant priorities. At the same time, outside experts handle mundane tasks ranging from network monitoring to data protection management.