(by Sasha Karen | ARNnet) – The Reserve Bank of Australia (RBA) has warned that a significant cyber attack on a financial institution is “inevitable”, potentially providing managed security service providers (MMSP) with the opportunity to assist. In the central banking authority’s Financial Stability Review report for October, the RBA claimed the number of cyber attacks on financial institutions is on the rise, coinciding with the increase of remote working and electronic financial services during the pandemic. One opportunity for MSSPs lies in the protection of financial institutions’ confidential information, as the report said if such information was compromised, this could “lead […]

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