According to the latest data from

[rakhirhif8963]

However, the expansion of fintech capabilities is accompanied by an increase in the potential of cybercriminals. One example is BNPL services (Buy now pay later), which allow you to pay for goods on marketplaces in installments. Despite the growing popularity of such services, they remain vulnerable to phishing. And with increasing popularity, the number of phishing incidents may also increase. For example, according to Kaspersky Lab , in 2022 there were about 14 million phishing and fraudulent resources in the world.

The banking and financial sectors have traditionally attracted increased interest from cybercriminals, as successful attacks give them access to large amounts of customer data and funds. In addition, the banking sector is becoming increasingly digital, making it more vulnerable to cyberattacks.

Solar, the number of cyberattacks on the bosnia and herzegovina mobile database sector has increased by a quarter in a year. 36% were associated with the use of vulnerabilities, 28% with unauthorized access to systems and services, 14% with network attacks. According to Positive Technologies, the most common consequences of such incidents are data leaks and the shutdown of certain services or key business processes. For example, in 2023, more than 161 million lines containing personal data of clients of financial institutions were leaked into the public domain . However, banks and fintech organizations, like many other companies, suffer from the actions of not only cybercriminals, but also their own employees. According to InfoWatch research , in 15% of cases, leaks involve retired specialists. They can retain access to corporate data or take a corporate device with them from the workplace to sell it to fraudsters. Such incidents mean for companies the loss of not only data and money, but also customer trust and a blow to their reputation.

Ensuring cybersecurity is one of the top priorities for companies in the financial sector. However, standard antiviruses are usually not enough. To prevent leaks, including those caused by former employees, and thus ensure more reliable protection of corporate data, companies can use MDM solutions. How can they help?

How MDM Can Help Ensure Security in the Banking Sector
MDM solutions are nothing new to cybersecurity professionals. However, the broader audience is typically unaware of how such technologies can enhance an organization's security posture.

First of all, MDM helps to remotely manage access to applications on devices for employees at different levels of positions. Such solutions allow you to create clusters of employees who will have access to different groups of applications, which will help prevent unauthorized access to confidential data and its leakage. For example, access gradation will prevent mid-level personnel from gaining access to the most confidential data of a financial institution, thereby reducing the likelihood of it falling into the hands of intruders. This will be an important improvement for many companies whose ordinary employees are often targeted by cybercriminals.