KUALA LUMPUR, Nov 13 (Bernama) -- A cyberattack may temporarily delete, alter or encrypt a bank’s operational data, but it is virtually impossible for such an intrusion to permanently erase customer loan records, according to experts.
Cyberattacks Unlikely To Permanently Erase Bank Loan Records - Experts
cyber threat, cyber attack, hacking, data bank
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Key takeaways
Experts say cyberattacks can temporarily delete or alter bank data, but permanently erasing customer loan records is virtually impossible due to multiple security layers and backup systems.
- Modern banking systems use strict access controls, audit trails, backups, and recovery mechanisms.
- Even if a primary database record is deleted, banks can recover data from backups and transaction histories.
- The likelihood of hackers fully erasing bank data is extremely low, according to security analysts.
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