Cybersecurity in Banking

byPaytm Editorial TeamLast Updated: July 31, 2025

Definition

Cybersecurity in Banking refers to the practices, technologies, and tools used to protect digital financial systems from cyber threats like hacking, phishing, and data theft.

Why It’s Important

With growing digital transactions, strong cybersecurity is critical for maintaining trust, securing user data, and preventing financial losses.

Common Measures

Multi-factor authentication, encryption, firewalls, and real-time fraud detection systems.

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