Advances in AI and IoT Could Leave Entire Cities Vulnerable to Attack
Fintech is progressing rapidly as companies in the financial services sector require personal data for multiple purposes. Consequently, the number of locations where the data is stored continues to grow, which, in turn, majorly elevates the level of exposure to a potential data breach at any of these entities. Financial institutions, vendors, sub-contractors and third parties operating in this industry must take heed of this risk and comply with necessary security standards including employee awareness, network segmentation, encryption and data leakage.
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