The goal of this research paper is to look at the devastating effects of cybercrime on banking institutions, as well as the cyber security methods that have been tried to mitigate its impact and the construction of a solid cyber security framework. Banks have been the primary victims in recent years. In India, a number of institutions are frequently targeted by large-scale malware assaults, which not only expose important and sensitive data but also result in significant financial losses. The aim of this paper is to determine which company areas are more vulnerable to cyber-attacks and to ensure that cyber security protocols are customized and developed. The research comprises secondary data analysis from a variety of digital resources, including government websites, journals, and research papers, as well as case study analysis of various cyber dangers and crimes that have resulted in significant financial loss in the past. This paper will present information about the cyber regime that will assist banks, financial institutions, and society as a whole.
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Keywords: Cyber Security, Cyber Crime, Sensitive Data, Cyber Attacks.
