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✉news TechnologyCybersecurity first seen 1 d ago, last 5 h ago, peak #7

Major Banks Plan Bigger Cybersecurity Budgets for 2027

Major banks are preparing to increase their cybersecurity budgets for 2027, according to a report carried by The Korea Times. The planned spending hikes reflect the financial sector's growing exposure to digital threats, from ransomware and data breaches to attacks on payment infrastructure. Details on the size of the increases and which institutions are involved have not been made clear in available coverage.

Why now: Rising cyberattacks on financial institutions are pushing banks to commit more funding to security planning.

major banksThe Korea Times

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