Financial Sectors Lost $20 Billion Over the Past 20 Years

In a startling revelation, cyberattacks have surged to more than double their pre-pandemic levels, casting a long shadow over global financial stability. The International Monetary Fund (IMF) highlighted this alarming trend in its April 2024 Global Financial Stability Report, underscoring the escalating risk of catastrophic financial losses due to cyber incidents. Historically, direct financial losses […]

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