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The lack of proper awareness in regards to cybersecurity could be one of the reasons why phishing attacks are escalating at a concerning rate. While many finance institutions are aware of the importance to cybersecurity, they fail to educate their employees of the same.
Here, we are mentioning some ideas which might help banks to thwart phishing efforts and safeguard the information of their customers and employees:
Focus on Behavioral Change
The majority of banks use a similar approach for their cybersecurity training programs: they put all of their non-technical staff in a room, have their security team show a lecture with a few slides showing breach numbers, and attempt to scared them into acting accordingly.
It goes without saying that this strategy is ineffective. It is time for banks to start seeing their staff as a bulwark against phishing attempts rather than as a risk.
One way to do this is for banks to change their employees’ behaviors under stress, rather than threatening them by making them aware of the stressful situations. For example, instead of showing them the malicious emails, they must be educated on the right measure they must follow to identify such emails.
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