Financial Institutions Remain Prime Target of Cybercriminals

If the recent cyberattack on one of Tokio Marine Group's companies, Tokio Marine Insurance Singapore Ltd (TMIS), is not enough to convince you about the dangers of cyberattacks, the finance sector has enough evidence emphasising that cyberattacks on financial institutions would become "inevitable" in the future.

The COVID-19 pandemic prompted financial organisations to go digital, focusing on securing cloud environments and using solutions like SaaS (Software-as-a-Service), PaaS (Platform-as-a-Service), and IaaS (Infrastructure-as-a-Service). Unfortunately, cybercriminals are taking advantage of these digital trends.

Read the full article: Insurance Business NZ