Question

"Financial institutions must invest heavily in security safeguards because they are obvious targets for theft..

Option 1: TRUE
Option 2: FALSE

Answer 1

Financial institutions must invest heavily in security safeguards because they are obvious targets for theft.

Step-by-step explanation:

Financial institutions must invest heavily in security safeguards because they are obvious targets for theft. This statement is TRUE. Banks and other financial institutions hold a significant amount of money and valuable financial assets, making them attractive targets for thieves. Implementing robust security measures helps protect both the institution's assets and the customers' funds.