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Cyberattacks have increased in recent times, especially with financial institutions(FI). Explain in detail how cyber risk affects FIs. Further, explain how cyber risk leads to

Cyberattacks have increased in recent times, especially with financial institutions(FI). Explain in detail how cyber risk affects FIs. Further, explain how cyber risk leads to another risk

(at least 3) and its interrelations.

Format:

Cyber risk and its impact on FIs

3 risks related to Cyber risk and how they affect the FIs

Risk mitigation strategies

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