Increasing the Economic Security of Information Banking Systems

Fedotova, Gilyan V.; Gontar, Anastasia A.; Titov, Viktor A.; Курбанов, А Х; Kuzmina, Emma

doi:10.1007/978-3-030-13397-9_118

Cited by 3 publications

(5 citation statements)

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“…The study introduces a comprehensive approach to modeling banking information resource cybersecurity, underscoring the importance of predictive, protective, and responsive cybersecurity measures in the banking sector. Fedotova et al (2019) delve into the economic implications of cybersecurity in banking systems, focusing on the increasing frequency of cyber-attacks and their impact on the economic security of financial institutions. The research identifies cyber threats as a primary concern for the informatization processes of society and its financial systems, stressing the delicate balance between implementing innovative online tools for competitive advantage and enhancing the protection level of online systems.…”

Section: The Significance Of Cybersecurity In Modern Banking Systemsmentioning

confidence: 99%

“…This approach underscores the need for a comprehensive understanding of cybersecurity dynamics to develop effective defense mechanisms. Fedotova et al (2019) highlight the growing trend of cyber-attacks and their implications for the banking sector's economic security. The study assesses the scale of economic crimes involving intrusions into banks' information systems and suggests mechanisms for enhancing the protection of bank payment systems.…”

Section: The Significance Of Cybersecurity In Modern Banking Systemsmentioning

confidence: 99%

“…The significance of cybersecurity in modern banking systems cannot be overstated, as it plays a pivotal role in ensuring the security and integrity of financial transactions and customer data. Shulha et al (2022), Fedotova et al (2019), and Tariq (2018) collectively advocate for a unified approach to cybersecurity, involving collaboration among financial institutions, regulatory bodies, and customers. This approach is essential for developing resilient cybersecurity frameworks capable of withstanding the evolving landscape of cyber threats.…”

Section: The Significance Of Cybersecurity In Modern Banking Systemsmentioning

confidence: 99%

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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: The Significance Of Cybersecurity In Modern Banking Systemsmentioning

confidence: 99%

Section: The Significance Of Cybersecurity In Modern Banking Systemsmentioning

confidence: 99%

Section: The Significance Of Cybersecurity In Modern Banking Systemsmentioning

confidence: 99%

See 1 more Smart Citation

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

“…Network segmentation isolates critical control systems from less critical networks, limiting the potential attack surface and preventing lateral movement within the network if a breach occurs. Regularly updating OPC servers and clients with security patches addresses known vulnerabilities, while network monitoring and intrusion detection systems can identify suspicious activity and potential cyberattacks [17].…”

Section: Figure 3 Opc Protocol Designmentioning

confidence: 99%

Securing the Industrial Backbone: Cybersecurity Threats, Vulnerabilities, and Mitigation Strategies in Control and Automation Systems

Jihane Ben Slimane

2024

jes

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Industrial Control and Automation Systems are the invisible workhorses of modern industry, managing critical infrastructure and manufacturing processes. The increasing convert of IT and OT networks has exposed ICAS to a growing range of cybersecurity threats. This paper explores the current landscape of cybersecurity threats and vulnerabilities plaguing ICAS. It delves into the technical aspects of these vulnerabilities, ranging from network weaknesses to human error. Additionally, the paper proposes a comprehensive set of mitigation strategies that can be implemented to bolster the security posture of ICAS. These strategies encompass network segmentation, access control, vulnerability management, incident response planning, and ongoing security awareness training. Finally, the paper highlights the importance of adhering to industry security standards and fostering a culture of cybersecurity within organizations.

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“…The disadvantage of the proposed methodology, according to the authors, is the need to obtain sufficiently detailed information about the activities of the enterprise and its current and strategic investment activities. This makes it difficult to use the results of enterprises that do not publish the results of their activities [12]. At the same time, for public companies that publish accounting and management reports, this technique allows you to obtain the necessary information [13].…”

mentioning

confidence: 99%

Intellectual capital management within the framework of the VBM concept

Pirogova

Плотников

2020

E3S Web Conf.

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Currently, the process of forming new management concepts is ongoing in Russia. At the same time, on the way to the development, creation and implementation of modern concepts, approaches and management systems at domestic enterprises there are several problems, one of which is the problem of intellectual capital management based on the VBM concept. Issues related to the definition of the concept of “intellectual capital”, its assessment and management are relevant. The article discusses the features of the VBM concept at the enterprise level, its advantages and disadvantages, implementation problems. The analysis performed in the study made it possible to clarify the economic content of the concept of intellectual capital and identify its key features that allow characterizing it and using specific assessment methods. The article describes the main methods and indicators for assessing intellectual capital, based on which an approach to the assessment and management of intellectual capital of an enterprise is proposed. The approach is based on a combination of two methods for calculating intellectual capital CIV and MVAIC. The first technique allows to assess the amount of intellectual capital of the enterprise. The second technique allows to reveal the structure of intellectual capital. The joint use of techniques allows to get a valuation of the intellectual capital of the enterprise and evaluate the effectiveness of investments in the development of its components. Criteria for assessing the effectiveness of investments in elements of intellectual capital are proposed.

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Increasing the Economic Security of Information Banking Systems

Cited by 3 publications

References 1 publication

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

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

Securing the Industrial Backbone: Cybersecurity Threats, Vulnerabilities, and Mitigation Strategies in Control and Automation Systems

Intellectual capital management within the framework of the VBM concept

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