Rising Cyber Threats Pose Serious Concerns For Financial Stability

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rising cyber threats pose serious concerns for financial stability
Cyberattacks have more than doubled since the pandemic. While com­panies have historically suffered relatively modest direct losses from cyberattacks, some have experienced a much heavier toll. US credit reporting agency Equifax, for example, paid more than $1 billion in penalties after a major data breach in 2017 that affected about 150 million con­sumers. As we