IMF: Financial Firms Lost $12 Billion to Cyberattacks in Two Decades
April 11, 2024 at 08:18AM Financial organizations have faced 20,000 cyberattacks in the last 20 years, resulting in over $12 billion in losses, according to the IMF. These attacks, particularly targeting banks, carry a risk of extreme financial losses and potential economic instability. Effective regulations and international collaboration are crucial for mitigating these risks in … Read more