Cybersecurity and Risk Management in the Financial Sector
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DOI:
https://doi.org/10.59022/ibys.107Keywords:
Cyber-security, Risk Management, Financial Sector, Cyber Threats, Digital TechnologiesAbstract
The article "Cybersecurity and Risk Management in the Financial Sector" investigates the critical role of cybersecurity measures and risk management practices in safeguarding financial institutions against cyber threats. As the financial sector increasingly relies on digital technologies for operations and transactions, it becomes vulnerable to sophisticated cyberattacks. This study examines the challenges posed by cyber threats, the methodologies employed by financial institutions to assess and mitigate risks, and the best practices to strengthen cybersecurity frameworks. Through a comprehensive analysis of industry reports, case studies, and expert opinions, this research emphasizes the significance of proactive cybersecurity strategies in ensuring the integrity, confidentiality, and availability of financial systems.
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