From: The Edge Markets
Surin Murugiah
Cyber-attacks against financial institutions are an increasingly significant risk, according to Fitch Ratings.
In a report titled “Cybersecurity an Increasing Focus for Financial Institutions” released yesterday, the rating agency said cyber risk is a growing threat that can adversely affect credit ratings as attacks can compromise customer data and disrupt websites, with detrimental financial or operational consequences for individual issuers and financial systems.
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