Digital banking poses many opportunities as well as threats to the financial industry. As the digital economy continues to evolve, cybersecurity is increasingly a serious concern. Utilizing methods and procedures created to safeguard data is essential for a successful digital revolution. The effectiveness of cybersecurity in banks influences the safety of personal information, whether it be an unintentional breach or a well-planned cyberattack.
Accordingly, Electronic Banking section of The Gold Book has been renamed Digital Banking and includes sections addressing cybersecurity, virtual currency. Click here to go to the Digital Banking chapter.