Conceptual approaches to bank cybersecurity [Articol]

Abstract

Cybersecurity in banking is a multidimensional notion that brings together strategies, technologies, practices and processes aimed at protecting banks; systems, data and digital networks. The purpose of the research was to present the essence and trends in the development of cybersecurity within banks. The study was conducted by examining reports from specialized companies and expert opinions published in open form on the Internet. The materials thus accumulated allowed the creation of a complex picture of the current development of cybersecurity in banking activities. The main reasons that require bank cybersecurity management are: customer data protection; maintaining customer trust and reputation; compliance with regulations; preventing financial loss; protecting critical infrastructure; ensuring business continuity. It is clear that over the past few years the threat landscape has expanded in complexity and scope. Currently, banks are facing cybersecurity problems that have already become traditional, such as ransomware, unencrypted data, cloud-based cyber-attacks, social engineering, phishing attacks, malware, attacks on third-party providers, supply chain attacks, endpoint security. At the same time, we can talk about new challenges in strengthening the cybersecurity of banks: the evolution of zero trust security; regulatory pressures and compliance-driven security; quantum computing threats to cryptography; AI-powered fraud detection and financial crime prevention. Experts visions for the continued strengthening of cybersecurity in banking are linked to the evolution of advanced technologies and the improvement of regulatory frameworks. To this end, banks will develop innovations related to artificial intelligence, blockchain and quantum computing.