Solid Cybersecurity
Cyber risk is and will continue to be a significant challenge, as bad actors become more sophisticated and motivated. As most banking firms now operate mainly in the digital realm, banks are under growing pressure from consumers, business account holders, and regulators to ensure security against cyber attacks. Using the Monte Carlo simulations, banking executives can see the likelihood of cyberattacks at different levels of investment in security, and ensure they are making the right level of investment to protect themselves and their account holders.
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