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Financial Institutions Under Cybersecurity Attack
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Fidelity National Financial faces a cyberattack, leading to disruptions in its operations and services. The alert issued by FinCEN and the IRS highlights fraud schemes related to the COVID-19 Employee Retention Credit (ERC). The incident underscores the challenges faced by financial institutions in combating fraud and data breaches.
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How can financial institutions effectively combat the increasing sophistication of fraud and data breaches?
What are the potential long-term consequences of cyberattacks on financial institutions' reputation and customer trust?
What measures can be taken to protect real estate and mortgage industries from cyberattacks?
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