Innovations as a tool for providing cyber security and increasing the efficiency of banking system
Objective: to research innovative technologies as a means of protecting important information; to reveal the relationship between information security and improving the performance of banks.Methods: the problem of banks’ counteraction to cyberattacks was researched with systematic approach and a met...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Tatar Educational Center “Taglimat” Ltd.
2019-09-01
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| Series: | Russian Journal of Economics and Law |
| Subjects: | |
| Online Access: | https://www.rusjel.ru/jour/article/view/95 |
| _version_ | 1797255845348638720 |
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| author | E. S. Borisova A. L. Belousov |
| author_facet | E. S. Borisova A. L. Belousov |
| author_sort | E. S. Borisova |
| collection | DOAJ |
| description | Objective: to research innovative technologies as a means of protecting important information; to reveal the relationship between information security and improving the performance of banks.Methods: the problem of banks’ counteraction to cyberattacks was researched with systematic approach and a method of statistical analysis.Results: under the development of information and communication technologies, the problem of theft, modification, and forgery of information has acquired the greatest importance. Cyberattacks threaten the loss of personal data and can affect both the functioning of financial and commercial organizations, and the economy of the state as a whole. In this article, cyber threats are viewed as a priority problem of banks under widespread digitalization. The main trends in the field of cyber risks are identified; the dynamics of cyber attacks is studied. The activities carried out in Russia to prevent cybercrime are considered. The main reasons for cyber threats in the banking sector are systematized, including the human factor. Conclusions are made that in order to prevent cyberthreats it is necessary to introduce banking innovations based, among other things, on the positive foreign experience of applying the process-oriented approach, BigData technologies, blockchain, and biometric identification of customers.Scientific novelty: a set of measures was developed to introduce banking innovations and reduce cyber threats, including the development of cyber insurance.Practical significance: the proposed recommendations can be used in the practical activities of government agencies and banking professionals when making decisions in the field of cybersecurity. |
| first_indexed | 2024-03-08T23:15:07Z |
| format | Article |
| id | doaj.art-2326a7e6d9a94c01a0ba3de3d76c726e |
| institution | Directory Open Access Journal |
| issn | 2782-2923 |
| language | English |
| last_indexed | 2024-04-24T22:12:19Z |
| publishDate | 2019-09-01 |
| publisher | Tatar Educational Center “Taglimat” Ltd. |
| record_format | Article |
| series | Russian Journal of Economics and Law |
| spelling | doaj.art-2326a7e6d9a94c01a0ba3de3d76c726e2024-03-20T08:16:51ZengTatar Educational Center “Taglimat” Ltd.Russian Journal of Economics and Law2782-29232019-09-011331330134210.21202/1993-047X.13.2019.3.1330-134294Innovations as a tool for providing cyber security and increasing the efficiency of banking systemE. S. Borisova0A. L. Belousov1Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationObjective: to research innovative technologies as a means of protecting important information; to reveal the relationship between information security and improving the performance of banks.Methods: the problem of banks’ counteraction to cyberattacks was researched with systematic approach and a method of statistical analysis.Results: under the development of information and communication technologies, the problem of theft, modification, and forgery of information has acquired the greatest importance. Cyberattacks threaten the loss of personal data and can affect both the functioning of financial and commercial organizations, and the economy of the state as a whole. In this article, cyber threats are viewed as a priority problem of banks under widespread digitalization. The main trends in the field of cyber risks are identified; the dynamics of cyber attacks is studied. The activities carried out in Russia to prevent cybercrime are considered. The main reasons for cyber threats in the banking sector are systematized, including the human factor. Conclusions are made that in order to prevent cyberthreats it is necessary to introduce banking innovations based, among other things, on the positive foreign experience of applying the process-oriented approach, BigData technologies, blockchain, and biometric identification of customers.Scientific novelty: a set of measures was developed to introduce banking innovations and reduce cyber threats, including the development of cyber insurance.Practical significance: the proposed recommendations can be used in the practical activities of government agencies and banking professionals when making decisions in the field of cybersecurity.https://www.rusjel.ru/jour/article/view/95bigdata |
| spellingShingle | E. S. Borisova A. L. Belousov Innovations as a tool for providing cyber security and increasing the efficiency of banking system Russian Journal of Economics and Law bigdata |
| title | Innovations as a tool for providing cyber security and increasing the efficiency of banking system |
| title_full | Innovations as a tool for providing cyber security and increasing the efficiency of banking system |
| title_fullStr | Innovations as a tool for providing cyber security and increasing the efficiency of banking system |
| title_full_unstemmed | Innovations as a tool for providing cyber security and increasing the efficiency of banking system |
| title_short | Innovations as a tool for providing cyber security and increasing the efficiency of banking system |
| title_sort | innovations as a tool for providing cyber security and increasing the efficiency of banking system |
| topic | bigdata |
| url | https://www.rusjel.ru/jour/article/view/95 |
| work_keys_str_mv | AT esborisova innovationsasatoolforprovidingcybersecurityandincreasingtheefficiencyofbankingsystem AT albelousov innovationsasatoolforprovidingcybersecurityandincreasingtheefficiencyofbankingsystem |