Cyberattacks Cannot Simply Erase Bank Loans, Experts Warn

Bank loan records protected by cybersecurity systems against cyberattacks

KUALA LUMPUR, Nov 13 – Cyberattacks may disrupt banking systems and damage financial records. However, experts say hackers are highly unlikely to permanently erase customers’ outstanding loans. Banks use several layers of security to protect financial information. These include access controls, transaction records, backup systems and data recovery procedures. Universiti Tun Hussein Onn Malaysia (UTHM) […]