A Bank in Malaysia was seeking compliance with Central Bank guidelines on a tight delivery timeline. See how Cybots assisted this Bank to comply with the requirements of their Regulator.
Banks and Financial Institutions are targeted by hackers in high-profile attempts to steal data or cause disruption. Banks rely heavily on trust to acquire and retain customers. This trust can easily be broken if the institution is infiltrated by hackers.
New Zealand’s communications security bureau has been called in to help after its stock exchange was hit by cyber attacks for the fourth consecutive day. The exchange failed to open as planned on Friday due to so-called “distributed denial of service” (DDoS) attacks.
Almost two-thirds (65%) of large financial services companies have suffered a cyber-attack in the past year, while 45% have experienced a rise in attack attempts since the start of the COVID-19 pandemic.
Cybots was engaged to deploy a solution within the stringent timeline set by the client. Cybots was also required to ensure compliance to Central Bank guidelines on Risk Management on Technology.
The project started on Jan 4 2021 and was successfully completed on Feb 19 2021, within the expected timeline.
The project was also completed within the stipulated budget.
The AI used in Cybots Solutions played a critical role in complying with the Client’s requirements of speed and effectiveness.
The stringent timeline was particularly noteworthy and excelled in comparison with similar projects undertaken by other vendors.
Cybots was able to successfully deliver effective Solutions to meet a Client’s timeline requirements. The deployment was also critical in enabling the Bank to comply with the requirements of their Regulator.
As a result of the successful and timely deployment, the Client:
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown pri
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown pri
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown pri
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown pri
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown pri