Cyber incidents are becoming more frequent and having a greater impact on our day-to-day lives. However, policymakers can do more for emergency management practitioners and the cybersecurity sector if preparedness for “cyber events” becomes a top priority.
Salami attacks: Small deposits resulting in significant losses
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Financial institutions must protect themselves from salami attacks, which consist of a sequence of small, fraudulent transactions that can easily bypass detection but, combined, can result in considerable losses.