While every industry has its own level of vulnerability to cyber threats, the banking and financial services sector remains a soft target for cyber-attacks. The financial sector processes and stores extremely sensitive and valuable data such as Personally Identifiable Information (PII) check routing data, and stock and investment algorithms. Moreover, as financial organizations evolve by adopting new digital channels, automation, and other advanced technologies, they are navigating a landscape marked by several cyber risks. As a result, Banking and Financial Institutes (BFIs) must be committed to maintaining data confidentiality and integrity in order to provide the best possible service to their clients.