EPI No: 121 Banks vs. Hackers: How Cybercrime Threatens Your Money, Data and Digital Trust

As banking becomes increasingly digital, cybercriminals are finding new ways to target financial institutions, customer data and payment systems. From the Bangladesh Bank cyber heist to attacks involving major banks and India’s Cosmos Bank, these incidents reveal that no institution is completely immune to cyber threats. This episode explores how hackers breach banking systems, why customer information is so valuable, and the importance of cybersecurity, secure firewalls, multi-factor authentication and cyber awareness. It also highlights the role of banks, regulators, employees and customers in protecting money, personal information and trust in the digital banking ecosystem.