Comparative Analysis of Cybersecurity Frameworks Utilized by Industries in the Philippines

Blancaflor, Eric B.; Cortez, Mark Moises T.; Geneta, Daniel M.; Miembro, Neil Tyrell D.; Alegre, Christina Beatrice G.

doi:10.1109/iccs59700.2023.10335521

Cited by 2 publications

(3 citation statements)

References 7 publications

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“…This approach is crucial for developing a workforce capable of addressing the sophisticated cyber threats faced by the banking sector. Finally, the analysis by Blancaflor et al (2023) of cybersecurity frameworks emphasizes the importance of selecting and implementing frameworks that align with an organization's specific needs and regulatory requirements. This strategic approach is essential for building resilient cybersecurity defenses in the banking sector.…”

Section: Insights From Expert Interviews and Surveymentioning

confidence: 99%

Cybersecurity risks in online banking: A detailed review and preventive strategies applicatio

Adedoyin Tolulope Oyewole,

Chinwe Chinazo Okoye,

Onyeka Chrisanctus Ofodile

et al. 2024

World J. Adv. Res. Rev.

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In an era where the digital transformation of the banking sector intersects with the escalating complexity of cyber threats, this paper endeavors to dissect the multifaceted realm of cybersecurity within the banking industry. With a backdrop of increasing online banking adoption and the concomitant rise in cybercrime, the study aims to illuminate the current cybersecurity landscape, evaluate the efficacy of existing frameworks and propose strategic enhancements to fortify digital defenses. Employing a methodological amalgam of literature review and analysis of recent cybersecurity incidents, this investigation delves into the intricacies of cyber threats, the financial repercussions of breaches and the robustness of current cybersecurity measures in banking. The scope of this paper encompasses a comprehensive examination of recent cyber incidents, an assessment of the financial impact of cyber-attacks, an evaluation of the effectiveness of existing cybersecurity frameworks and the formulation of strategic recommendations for bolstering cybersecurity measures. Through this scholarly inquiry, key findings emerge, highlighting the critical need for dynamic cybersecurity strategies that integrate advanced technologies, promote regulatory compliance and foster a culture of cybersecurity awareness. Conclusively, the study posits that the banking sector must embrace a holistic and adaptive approach to cybersecurity, underscored by strategic investments in technology, education, and collaboration. Recommendations advocate for the integration of Big Data analytics, artificial intelligence and continuous risk assessment methodologies to navigate the evolving cyber threat landscape effectively. This paper serves as a clarion call to banking institutions, urging a reinvigorated commitment to cybersecurity resilience in safeguarding financial assets and customer trust against the backdrop of digital transformation.

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Section: Insights From Expert Interviews and Surveymentioning

confidence: 99%

Cybersecurity risks in online banking: A detailed review and preventive strategies applicatio

Adedoyin Tolulope Oyewole,

Chinwe Chinazo Okoye,

Onyeka Chrisanctus Ofodile

et al. 2024

World J. Adv. Res. Rev.

View full text Add to dashboard Cite

show abstract

“…The comparative analysis of cybersecurity strategies across various industries and regions provides valuable insights into the diverse approaches and challenges in cybersecurity. Blancaflor et al (2023) analyze cybersecurity frameworks utilized by industries in the Philippines, focusing on Business Process Outsourcing, Finance and Banking, and Security industries. Their study reveals that multiple frameworks, including ISO27001, NIST, and GDPR, are adopted based on technical capabilities, security status, legal regulations, and security objectives.…”

Section: Analysis: Interpreting Cybersecurity Trends and Outcomes Com...mentioning

confidence: 99%

“…The research highlights the need for harmonizing the learning process with international standards and the rapid changes in cybersecurity challenges. The research by Blancaflor et al (2023) underscores the importance of selecting appropriate cybersecurity frameworks that align with an organization's specific needs and regulatory environment. Their findings suggest that a one-size-fits-all approach is not feasible, and organizations must carefully evaluate various frameworks to determine the best fit.…”

Section: Analysis: Interpreting Cybersecurity Trends and Outcomes Com...mentioning

confidence: 99%

A Review of Cybersecurity Strategies in Modern Organizations: Examining the Evolution and Effectiveness of Cybersecurity Measures for Data Protection

Temitayo Oluwaseun Abrahams,

Sarah Kuzankah Ewuga,

Samuel Onimisi Dawodu

et al. 2024

Comput. sci. IT res. j.

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In an era where digital threats are increasingly pervasive, understanding the evolution and efficacy of cybersecurity strategies in modern organizations is paramount. This study provides a comprehensive analysis of the dynamic landscape of cybersecurity, exploring its progression from traditional methods to innovative, technology-driven approaches. The digital age has ushered in complex cyber threats, necessitating robust cybersecurity measures. This study examines cybersecurity strategies' historical development, current trends, and future directions across different organizational contexts and industries. The primary aim is to assess the evolution and effectiveness of cybersecurity measures, identify existing gaps, and understand the interplay between human behavior, technology, and policy in cybersecurity. The paper encompasses a comprehensive methodological framework for cybersecurity analysis, exploring the effectiveness of traditional versus modern approaches, the role of AI and ML, and the impact of international policies. It also presents case studies to illustrate successes and failures in cybersecurity implementation. Key findings reveal a significant shift towards advanced technologies like AI and ML in cybersecurity, the critical role of human factors in shaping cybersecurity outcomes, and the influence of international policies in standardizing cybersecurity practices. The study concludes that effective cybersecurity strategies require a balanced approach, combining technological advancements with understanding human factors and adherence to international standards. Recommendations include continuous education and training, adopting holistic cybersecurity strategies, and aligning with international policies. Keywords: Cybersecurity, Artificial Intelligence, Machine Learning, International Policies, Human Factors, Cyber Threats.

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Comparative Analysis of Cybersecurity Frameworks Utilized by Industries in the Philippines

Cited by 2 publications

References 7 publications

Cybersecurity risks in online banking: A detailed review and preventive strategies applicatio

Cybersecurity risks in online banking: A detailed review and preventive strategies applicatio

A Review of Cybersecurity Strategies in Modern Organizations: Examining the Evolution and Effectiveness of Cybersecurity Measures for Data Protection

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