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From SBI to Binance, how financial institutions are becoming cyberattack targets

Source: ET Tech ·

From SBI to Binance, how financial institutions are becoming cyberattack targets

Recent incidents involving cryptocurrency exchange Binance and Indian public sector lender State Bank of India (SBI) have once again put the spotlight on the issue. While Binance reported a security breach involving unauthorised cryptocurrency withdrawals estimated at around $6.3 billion, SBI is investigating a suspected data leak involving nearly 3,900 customer records.

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