What is the importance of cybersecurity measures in online banking? 🔊
The importance of cybersecurity measures in online banking cannot be overstated. With increasing incidents of data breaches and fraud, financial institutions must implement robust security protocols to protect sensitive customer information. Measures such as encryption, multi-factor authentication, and real-time monitoring help mitigate risks. Effective cybersecurity reassures customers, fostering trust and encouraging the use of online services. It is crucial for compliance with regulations and maintaining the integrity of financial systems.
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