Cyber Security in Banking
Technology plays a pivotal role in today's financial landscape. Ensuring cyber security and safety in the banking sector has become paramount. The pervasive integration of technology in banking operations has brought unprecedented convenience but also heightened the vulnerability of financial institutions to cyber threats. High-profile breaches and the potential consequences of compromised financial data have underscored the urgency of comprehensively addressing cyber security and safety in banking.
Cyber security in banking faces unique challenges due to the complex nature of financial transactions and the attractiveness of banks as prime targets for cybercriminals. The challenges include the constant evolution of cyber threats, insider threats, and the need to balance security measures with customer convenience. Educating customers about cyber threats and safe online practices is a critical component of cyber security in banking. Banks must actively engage in awareness campaigns, providing customers with information on identifying phishing attempts, secure online banking practices, and the importance of regularly updating passwords.
This book aims to dissect the multifaceted challenges posed by cyber threats in today's dynamic banking landscape and propose novel fintech approaches to fortify the security fabric of the banking sector. The ultimate aim is to raise awareness about the challenges, promote proactive measures, and contribute to the safeguarding and integrity of the financial sector. Researchers, engineers and scientists in academia and industry working in the fields of cybersecurity and fintech, and in related areas of computing, data science, artificial intelligence, mobile and wireless computing and networking, will find this book to be a useful source of information on developments in its field.
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