Cybersecurity in Financial Technologies: Civil Law Measures for Prevention and Damage Compensation


DOI:
https://doi.org/10.59022/ujldp.338Keywords:
Cybersecurity, Financial Technology, Civil Law, Damage Compensation, Prevention Measures, Regulatory ComplianceAbstract
The digitization of financial services has created unprecedented cybersecurity challenges requiring comprehensive civil law frameworks for prevention and damage compensation. The article examines the evolution of cybersecurity regulations in financial technology, analyzing civil law remedies and preventive measures across jurisdictions, with particular focus on Uzbekistan's emerging regulatory framework. Through comparative legal analysis and examination of recent enforcement actions, this research identifies key gaps in current civil law approaches and proposes enhanced mechanisms for cybersecurity protection in FinTech. The study reveals that while regulatory frameworks have evolved significantly, civil law remedies remain fragmented and inadequate for addressing the scale and sophistication of modern cyber threats. The research contributes to the legal scholarship by providing a comprehensive analysis of civil law measures in cybersecurity and proposing practical reforms for enhanced protection in the financial technology sector.
References
AllahRakha, N. (2024). Transformation of crimes (cybercrimes) in digital age. International Journal of Law and Policy, 2(2). https://doi.org/10.59022/ijlp.156
AllahRakha, N. (2024). UNESCO's AI ethics principles: Challenges and opportunities. International Journal of Law and Policy, 2(9), 24–36. https://doi.org/10.59022/ijlp.225
Anderson, R., Barton, C., Böhme, R., Clayton, R., Van Eeten, M. J. G., Levi, M., Moore, T., & Savage, S. (2013). Measuring the cost of cybercrime. In Springer eBooks (pp. 265–300). https://doi.org/10.1007/978-3-642-39498-0_12
Burger, E. S. (2021). Professional responsibility, legal malpractice, cybersecurity, and cyber-insurance in the COVID-19 era. St. Mary's Journal on Legal Malpractice & Ethics, 11(2), 234–275. https://commons.stmarytx.edu/lmej/vol11/iss2/2
Johnson, V. R. (2005). Cybersecurity, identity theft, and the limits of tort liability. South Carolina Law Review, 57, 255–294.
Kaur, R., Gabrijelčič, D., & Klobučar, T. (2023). Artificial intelligence for cybersecurity: Literature review and future research directions. Information Fusion, 97, Article 101804. https://doi.org/10.1016/j.inffus.2023.101804
Law "On Cybersecurity" of the Republic of Uzbekistan, No. ORQ-764 (2022).
Narsina, D. (2022). Impact of cybersecurity threats on emerging markets' integration into global trade networks. American Journal of Trade and Policy, 9(3), 141–148. https://doi.org/10.18034/ajtp.v9i3.741
Oyeniyi, N. L. D., Ugochukwu, N. C. E., & Mhlongo, N. N. Z. (2024). Developing cybersecurity frameworks for financial institutions: A comprehensive review and best practices. Computer Science & IT Research Journal, 5(4), 903–925. https://doi.org/10.51594/csitrj.v5i4.1049
Presidential Decree of the Republic of Uzbekistan, No. PQ-153 (2025).
Presidential Resolution of the Republic of Uzbekistan, No. PP-167 (2023).
Securities and Exchange Commission. (2024). SEC announces enforcement results for fiscal year 2024. https://www.sec.gov/newsroom/press-releases/2024-186
Shafqat, N., & Masood, A. (2016). Comparative analysis of various national cyber security strategies. International Journal of Computer Science and Information Security, 14(1), 129–136. https://www.scirp.org/reference/referencespapers?referenceid=3828262
U.S. Department of the Treasury, Office of the Comptroller of the Currency. (2024). Cybersecurity and financial system resilience report 2024. OCC.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Uzbek Journal of Law and Digital Policy

This work is licensed under a Creative Commons Attribution 4.0 International License.