One of the Biggest Breaches in Europe hit UniCredit SpA exposing sensitive customer data. As cybercrime escalates, bigger concerns are at the forefront of the banking industry to protect their systems against data corruption and damage to databases and systems that might render them useless.
"Cybersecurity experts are bracing for more hacks of this magnitude in the months to come."
The incidents occurred in September and October of 2016 and June to July of this year, the bank said on Wednesday in an emailed statement. Unauthorized access was gained through an Italian third-party provider to some customer data related to personal loans, with the lender saying IBAN numbers and other personal data may also have been reached. A spokesman declined to identify the third party involved