A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. “In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures,” the report stated.
Related Posts

GenAI-driven attacks, cloud security among major cybersecurity trends in 2025: TCS, Fortinet, ESDS
“GenAI is enhancing operational efficiencies, but organisations must equip themselves to counteract cyber threats. It is imperative for organisations to…

China-based hacker accused of deploying malware to exploit global firewall devices
A federal court in Hammond, Indiana, unsealed an indictment on Tuesday, charging Guan Tianfeng, a citizen of the People’s Republic…

TCS launches 2025 cybersecurity outlook: names these 7 key tech priorities for enterprises
Tata Consultancy Services (TCS) emphasizes the need for businesses to bolster cybersecurity by leveraging AI, prioritizing cloud security, and building…