How banks can make cybersecurity a revenue generator

For years, banks have viewed cybersecurity as a necessary but costly defensive measure, an expenditure required to prevent fraud, breaches and regulatory fines. However, the world has changed. Cyber threats are not only increasing in frequency and sophistication but they are destroying financial performance, customer trust and competitive advantage.  

With cybercrime surpassing $9.5 trillion in 2024, according to a recent report from CrowdStrike, financial institutions and critical infrastructures face an unprecedented level of state-sponsored and criminal cyberattacks.