A Critical Analysis of Cyber Threats and Their Global Impact

Afaq, Syed Adnan; Husain, Mohd. Shahid; Bello, Almustapha; Sadia, Halima

doi:10.1201/9781003323426-12

Cited by 3 publications

(2 citation statements)

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“…The results in Table V indicated the arithmetic mean of the estimates of the sample members for the degree of effects strategies for educating and training bank employees and customers ranged between (3.73) for paragraph No (2) and between (3.20) for paragraph No (5). The results show that 78.1% of participants agree that Banks can administer simulated phishing exercises to assess employees' awareness and response with a mean (3.73) and standard deviation of 0.541 and 71.1% of them believe banks can encourage the www.ijacsa.thesai.org reporting of suspicious activities or potential cyber threats with a mean (3.57) and standard deviation 1.010.…”

Section: A Demographics Characteristics Of Participantmentioning

confidence: 99%

“…Electronic crimes refer to illegal activities that are carried out using electronic devices, networks, or the internet [4]. With the rapid advancement of technology and the increasing reliance on digital systems, electronic crimes have become a significant concern for individuals, businesses, and governments worldwide [5]. In addition, to combat electronic crimes, governments, law enforcement agencies, and cyber security professionals work together to develop stringent laws, improve cyber security measures, raise public awareness, and promote digital literacy [6].…”

Section: Introductionmentioning

confidence: 99%

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The Impact of Cyber Security on Preventing and Mitigating Electronic Crimes in the Jordanian Banking Sector

Amer,

Al-Omar

2023

IJACSA

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As technology advances and cyber threats continue to evolve, cyber security professionals play a critical role in developing and implementing robust security measures, staying ahead of potential risks, and mitigating the impact of cyber incidents. Many studies have examined the impact of cyber security on banks, without focusing on electronic crimes. Despite its importance, to the best of our knowledge, there are no studies on the impact of cyber security on mitigating electronic crimes in the banking sector. Therefore, the purpose of this study is to ascertain how cyber security affects electronic crimes in the Jordanian banking industry. The study sample consisted of 270 senior Jordanian managers and employees who understand the importance of cyber security in the banking sector in 14 Jordanian commercial banks, listed on the Amman stock exchange. The study used SPSS to evaluate how banks can enhance network security infrastructure to prevent unauthorized access and data breaches and also to find out the role of cybersecurity in granting competitive advantage to banks. A relative importance index (RII) was conducted to rank the importance of variables' statements and test the hypotheses. The results found the most important method through which banks can effectively mitigate the risk of electronic crimes and ensure the security of customers' financial data is that banks utilize robust encryption technologies to ensure the protection of customer financial data while it is being transmitted and when it is stored (RII=0.740). About 81.5 % of the sample agree, also, banks that have a strong cyber security system provide a secure platform for digital financial services which increases the competitive advantage as they were ranked first for their relative importance at both the category level and overall ranking with (RII=0.754). The study recommended that the banking industry, must consistently educate its customers on information security techniques and how to avoid hacking into their accounts, and develop an alert system that can raise awareness for both banks and bank customers if there is any possible entry or access to the customer's account or organization confidential information.

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Section: A Demographics Characteristics Of Participantmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Impact of Cyber Security on Preventing and Mitigating Electronic Crimes in the Jordanian Banking Sector

Amer,

Al-Omar

2023

IJACSA

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A Vulnerability Risk Assessment Methodology Using Active Learning

Ponte

Rodrigues

Mattos

2023

Lecture Notes in Networks and Systems

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The Critical Impact of Cyber Threats on Digital Economy

Afaq,

Uzma,

Yasmeen

2023

Advances in Human and Social Aspects of Technology

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Internet users need to know that there are many different kinds of threats in the online world. Improving cyber security and keeping private information safe is important for a country's safety and economy. For a country's safety and economy, it's important to improve cyber security and keep private information safe. The term “digital economy” refers to a business for digitally delivered goods and services that are created using electronic business models and linked to a global system of economic and social networks. Cyber risk is the most complex issue of the twenty-first century, arising from a wide diversity of causes such as a hacker, terrorists, criminals, insider groups, foreign states, etc. This study includes cyber threats in the digital world. It emphasizes challenges in the healthcare sector, agriculture and food industries.

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A Critical Analysis of Cyber Threats and Their Global Impact

Cited by 3 publications

References 0 publications

The Impact of Cyber Security on Preventing and Mitigating Electronic Crimes in the Jordanian Banking Sector

The Impact of Cyber Security on Preventing and Mitigating Electronic Crimes in the Jordanian Banking Sector

A Vulnerability Risk Assessment Methodology Using Active Learning

The Critical Impact of Cyber Threats on Digital Economy

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