Almost all digital banking services are linked to the internet, as cybersecurity has become crucial to banks. Recently, Bank of Baroda (BoB), one of India’s biggest public sector banks, faced a serious cybersecurity situation after reports surfaced of a bank customer data breach. The matter concerns millions of BoB’s customers, cybersecurity specialists, and regulators. Though the bank officially denies any compromise of its core banking system, the alleged exposure of inform

Ex ecutive Summary Risks associated with cybersecurity continue to be a serious issue for every entity, all over the world. In recent...