Unveiling the $12 Billion Cyber Siege on Financial Institutions, Decoded by the IMF

Unveiling the $12 Billion Cyber Siege on Financial Institutions, Decoded by the IMF The International Monetary Fund (IMF) has released a report titled “Global Financial Stability Report, April 2024,” revealing that financial institutions globally have suffered losses amounting to $12 billion due to cyber attacks over the past two decades. The IMF highlighted the vulnerability…

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Guardians of Wealth: The $12 Billion Cyber Siege on Global Financial Institutions – Insights from the IMF

Guardians of Wealth: The $12 Billion Cyber Siege on Global Financial Institutions – Insights from the IMF The International Monetary Fund (IMF) recently disclosed that financial institutions have collectively lost $12 billion due to cyberattacks over the past two decades. This revelation comes from the IMF’s April 2024 Global Financial Stability Report. Of this total,…

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