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The finance and banking sectors handle vast amounts of confidential information, including personal identification details, account numbers, and transaction records, making them prime targets for cyberattacks. Strong IT security measures help prevent data breaches, fraud, and unauthorized access, safeguarding the institution’s and customers’ assets. By implementing strong cybersecurity practices, financial institutions can avoid significant financial losses, legal penalties, and reputational damage, ensuring the stability and reliability of their services.

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