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News media in the U.S. are abuzz with stories about cyber attacks as financial institutions emerge as the prime targets of cyber-criminals. Reports suggest that since September 2012, cyber attacks on bank networks have exploded.

Actually, banking and other financial institutions have always been a top target of hackers. During the past few years, renowned banking organizations across the globe have fallen prey to criminal hacks. Beyond huge financial losses, the victims suffer irreparable damage to their trust and credibility, the hallmarks of financial institutions.

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