Journal articles: 'Banking security'

1

R. Melba Kani, R. Melba Kani, and Dr A. Merlin Thanga Joy. "Security Issues in Online Banking Services." Indian Journal of Applied Research 4, no. 3 (October 1, 2011): 100–101. http://dx.doi.org/10.15373/2249555x/mar2014/182.

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Das, Soumyajit, and Dr Pranam Dhar. "Technological Security Aspects for Internet Banking." Paripex - Indian Journal Of Research 3, no. 6 (January 15, 2012): 110–15. http://dx.doi.org/10.15373/22501991/june2014/35.

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G Y, Cordelıa Jemıma, and Kavıtha V. "Mobile Banking - Security Risks And Security Preventions." International Journal of Computer Trends and Technology 68, no. 11 (November 25, 2020): 49–52. http://dx.doi.org/10.14445/22312803/ijctt-v68i11p106.

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Stashchuk, Olena, and Rostyslav Martyniuk. "Banking innovations: security technology solution." VUZF Review 6, no. 1 (March 25, 2021): 79–86. http://dx.doi.org/10.38188/2534-9228.21.6.08.

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The article identifies the essence of the concept of banking innovations and their role in the financial security of banking institutions. Features of development of technological banking innovations in Ukraine, including in the conditions of influence of COVID-19 are considered. The characteristics of banking innovations are considered, the criteria to be met by banking innovations both on the part of the client and on the part of the bank are identified. The classification of banking innovations according to such features as: by time aspect, by novelty, by causes of occurrence, by volume of influence, by influence on behavior, by scale of innovation, etc. is given. It is proved that the financial security of a banking institution should provide protection of banks from the impact of external and internal threats, as well as minimize the level of their negative impact. The basic principles of financial security of banking innovations in order to ensure the stable development of the latter are described. It is established that the most relevant and in demand in the market in the development of coronavirus infection were such technological innovations of remote capabilities as: contactless payments, online services, mobile banking applications, electronic money transfers, virtual cards. The peculiarities of the use of technological innovations by banking institutions in Ukraine and their impact on the security of banking institutions and customers are noted. In order to conduct the study, such general scientific and specific research methods were used as: the logical method, the method of analysis and synthesis, the system method, the method of theoretical generalization, the grouping method, the expert method and the method of logical analysis.

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SHELMENKOV, VALENTIN N. SHELMENKOV. "Information security in remote banking." Proceedings of the Institute of State and Law of the RAS 15, no. 3 (July 31, 2020): 188–204. http://dx.doi.org/10.35427/2073-4522-2020-15-3-shelmenkov.

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Improving the technology for providing banking services via the Internet opens up a promising market for remote banking systems, which, in turn, leads to an increase in the number of frauds in this area, in this paper considered the main threats to information security in the banking system, protection and combating fraud in the provision of remote banking services, which are lacking for the appropriate protection of bank funds, as well as to identify ways to solve existing problems in the legislation to achieve security in a financial institution.

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Habibur Rahman, Md, Md Al-Amin, and Nusrat Sharmin Lipy. "An Investigation on The Intention to Adopt Mobile Banking on Security Perspective in Bangladesh." Risk and Financial Management 2, no. 2 (December 15, 2020): p47. http://dx.doi.org/10.30560/rfm.v2n2p47.

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This research examines the information security of adopting mobile banking and suggests maximizing information security in mobile banking in different ways. Security issues pose a threat to mobile banking adoption and diffusion. Therefore, reliable security measures and improved trust improvement are suggested to address information security in adopting mobile banking for financial services. A questionnaire survey is conducted with users of mobile banking technology. Random sampling is adopted in the study. 650 questionnaires were sent to respondents, and 303 responses were recorded. A confirmatory factor analysis with varimax rotation was conducted following correlation and multiple regression analysis to test the hypothesis of the study. The research finds that (1) perceived security and trust affect mobile banking self-efficacy and performance (SEP) of adopting mobile banking for financial services; (2) Reliable security measure and perceive trust improvement positively influence (SEP) of adopting mobile banking for financial services. This study shows the significance of user perceptions of security by inspecting the content of the security rules of mobile banking for clients’ levels. It includes the adoption of technology in financial services. Therefore, the study links the technology acceptance model (TAM) with the literature on perceived security and trust of adopting mobile banking for financial services. The research has applied to the banking industry to develop and expand its banking market by developing reliable security measures and improving the perceived trust of customers to conduct banking transactions using mobile banking technology.

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Hinde, Steven. "Banking on security and control?" Computer Fraud & Security 2004, no. 8 (August 2004): 4–6. http://dx.doi.org/10.1016/s1361-3723(04)00098-3.

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Yaacob, Mashkuri, Farhat Anwar, Rashidah Funke Olanrewaju, Burhan Ul Islam Khan, and Roohie Naaz Mir. "Scrutinising internet banking security solutions." International Journal of Information and Computer Security 12, no. 2/3 (2020): 269. http://dx.doi.org/10.1504/ijics.2020.10026783.

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Khan, Burhan Ul Islam, Rashidah Funke Olanrewaju, Farhat Anwar, Roohie Naaz Mir, and Mashkuri Yaacob. "Scrutinising internet banking security solutions." International Journal of Information and Computer Security 12, no. 2/3 (2020): 269. http://dx.doi.org/10.1504/ijics.2020.105180.

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Hole, K. J., V. Moen, and T. Tjostheim. "Case study: online banking security." IEEE Security & Privacy Magazine 4, no. 2 (March 2006): 14–20. http://dx.doi.org/10.1109/msp.2006.36.

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11

Osborne, Keith. "Security issues in contemporary banking." Computers & Security 14, no. 5 (January 1995): 426. http://dx.doi.org/10.1016/0167-4048(96)90049-8.

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12

Evans, Mike. "Security advances in banking systems." Data Processing 27, no. 5 (June 1985): 34–36. http://dx.doi.org/10.1016/0011-684x(85)90136-4.

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13

BEST, Michael, Lachezar KRUMOV, and Ioan BACIVAROV. "Cyber Security in Banking Sector." International Journal of Information Security and Cybercrime 8, no. 2 (December 27, 2019): 39–52. http://dx.doi.org/10.19107/ijisc.2019.02.04.

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Because banks are very often target of a cyber-attack, they have also good security controls in place. This paper analysis modern threats to banks and proposes an approach to detect and visualize the risk of data leakage. In the first part of this paper, a comparative analysis of the most common threats to the banking sector is made, based on both bank reports and cyber security companies. The authors came to the conclusion that at the bottom line, insider knowledge is necessary, which is the result of data leakage. This paper comparatively analysis modern threats to banks and shows an approach to detect and visualize the risk of data leakage. In the second part of the paper, a model - based on network graph - that can enumerate the risk of data leakage is proposed. Graphing a network of an organization with the connections of data flow between assets and actors can identify insecure connections that may lead to data leakage. As is demonstrated in this paper, financial institutions are important targets of cyber attacks. Consequently, the financial sector must invest heavily in cybersecurity and find the best ways to counter cyber attacks and cyber bank robbery attempts.

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14

Ponomarenko, Tetiana, Olha Prokopenko, Halyna Kuzmenko, Tetiana Kaminska, and Marharyta Luchyk. "Banking security of Ukraine: current state and ways to improve." Banks and Bank Systems 13, no. 2 (June 22, 2018): 77–88. http://dx.doi.org/10.21511/bbs.13(2).2018.07.

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Ukrainian banking institutions conduct their activity under the influence of various risks, which create critical situations for them. In this context, banks should pay more attention to their own security. The article analyzes the theoretical approaches to the concept of “banking security”, examines the level of banking security as a component of the financial and economic security of the state, and determines the ways to improve it. Banking security was analyzed based on the data of the National Bank of Ukraine and other banks that are part of the banking system of the country.The current state of the banking system shows a decrease in the security since 2014 to the “danger zone”. This is facilitated by a great number of problem loans and foreign capital in the authorized capital of banks; the predominance of short-term lending over long-term one; continued unprofitableness and low liquidity of bank assets. Banking security was the guarantor of achieving financial security of the state. Therefore, the article outlines directions for improving the operation of banking institutions and the banking system as a whole, which will allow to improve banking security in the short term. This is, first of all, the legislative consolidation of the creditor rights protection, the expansion of the lending process, including in foreign currency, with the predomi-nance of long-term loans, the banks’ work in the direction of increasing their assets profitability, optimizing administrative costs, developing and using the latest informa¬tion technology to ensure the effective operation and information security of banks.

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15

Miro, Iryna M. "ASSESSMENT OF THE LEVEL OF BANKING SECURITY IN UKRAINE AS THE COMPONENT OF FINANCIAL SECURITY IN UKRAINE." Academic Review 2, no. 55 (2021): 33–47. http://dx.doi.org/10.32342/2074-5354-2021-2-55-4.

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The article is dedicated to the problems of ensuring the banking security in Ukraine. Theoretical and methodological provisions for security assessment of the banking system in Ukraine have been considered, the directions of its development have been substantiated. Banking security is the level of financial stability of the country’s banking institutions, which allows to ensure the efficiency of the country’s banking system and protection from external and internal destabilizing factors, regardless of the operation conditions. The article analyzes the banking security on the basis of the approach given in the Order № 1277 “On approval of Guidelines for assessment of the economic security level in Ukraine” from 29.10.2013. The leading safety indicators have been calculated. Owing to the rationing of indicators and the share of each indicator being taken into account, the Integrated Indicator of Banking Security in Ukraine in the dynamics for 2010–2020 has been calculated. Each indicator separately and the integrated indicator of banking security in dynamics have been analyzed. During the analyzed period, the highest level of security of the banking system in Ukraine was observed in 2013, and the lowest – in 2015. During 2014–2015, the level of security in the banking sector decreased twice – from an almost satisfactory level (0.61) to an almost critical level (0.30). The reasons for the negative trends have been presented and ways to enhance the level of security have been suggested. Based on the assessment, the most significant threats have been identified, such as: high level (share) of non-performing loans in the banking system in Ukraine (their share is one of the highest in the world); strengthening of the imbalance of long-term loans and deposits, as a result the deficit of so-called “long resources”, which are an important prerequisite for the resumption of economic growth in Ukraine and in the long run a source of income for banks; strengthening of the influence of capital of foreign financial groups: almost critical part of foreign capital in the banking system, which fluctuates between a dangerous level of 40% and a critical level of 60%, with such a trend, there may be a partial or complete loss of independence in the banking sector of Ukraine; return on assets (ROA) shows extremely negative results and is characterized as non-profit; high degree of concentration of the banking system in Ukraine: the share of assets of the five largest banks in 2019–2020 decreased compared to 2018, but still remains more critical: 86 and 74%, respectively, but this decrease is insignificant, it is necessary to continue demonopolization in the banking sector to bring this figure closer to the optimal 30%.

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16

Hood, Keith L., and Jie-Wen Yang. "Impact of Banking Information Systems Security on Banking in China." Journal of Global Information Management 6, no. 3 (July 1998): 5–16. http://dx.doi.org/10.4018/jgim.1998070101.

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17

Ivanov, Yurii. "Correlation between Ensuring Information Security in the Banking System of Ukraine and National Critical Infrastructure Security." Information Security of the Person, Society and State, no. 26 (2019): 50–56. http://dx.doi.org/10.51369/2707-7276-2019-2-6.

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The article studies modern aspects of information security in the banking system in relation to the security of the critical infrastructure of the state. It is noted that in the conditions of hybrid war, when various means are used against our state that can harm the vital economic objects or the economy of the state as a whole. Banking system of Ukraine, in particular its information resources, is the first to be under the attack. That is why information security of the banking system should be in the focus of attention while developing the steps to critical infrastructure security. Key words: banking system of Ukraine, information security, critical infrastructure security.

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18

Zhang, Yan, Sha Sha Jiang, Jun Bin Zhang, and Lei Lu. "Analysis on the Security Assess Requirements of Mobile Banking Based on Mobile Smart Terminal." Applied Mechanics and Materials 475-476 (December 2013): 1219–25. http://dx.doi.org/10.4028/www.scientific.net/amm.475-476.1219.

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With the rising user number of mobile smart terminal and the rapid development of Internet in our country, the demand of resources sharing between mobile terminal and the Internet becomes more and more urgent. However, the mobile banking based on mobile smart terminal is facing increasingly serious security threatens. On the basis of a comprehensive analysis of the development and present situation of mobile banking, this paper describes the related security mechanism and potential security threatens of mobile banking. Furthermore, information security technology and development trend of mobile banking are comparised and summarized in this paper, and the security assessment demand for mobile banking is proposed.

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19

Mukusheva, A. G. "Financial Technologies in the Banking Sector: Prospects and Security." BULLETIN OF THE KARAGANDA UNIVERSITY. ECONOMY SERIES 101, no. 1 (April 30, 2021): 92–102. http://dx.doi.org/10.31489/2021ec1/92-102.

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Object: Annually financial technologies have an increasing impact on the banking sector. The article provides definitions of the term "financial technologies" by international organizations, foreign, Russian and Kazakh experts. In the context of the fourth industrial revolution, the relevance of the topic is justified by a sharp increase in the development of financial technologies and spread of digitalization in the banking sector. The purpose of the research is to survey the impact of digital technologies on the financial sector. Methods: The main categories of financial technologies in the world and in Kazakhstan, in particular, are considered. The strengths and weaknesses, opportunities and threats of financial technologies in the banking sector are analyzed. Findings: Digital transformation paves the way for a wide range of mobile data deployments that require ongoing security. In addition, the active development of information technology should stimulate the financial sector to be flexible and apply innovative approaches in all areas. The material also provides the prerequisites and reasons for digitalization in the area of banking services. Conclusions: The transition of traditional types of banking services to a new level of technological development shows a direct relationship between the development of financial technologies and data security. In this regard, it seems relevant to effectively allocate priorities, taking into account the characteristics and specifics of each subject of banking activities. In an increasingly competitive environment, the most rational and digitally oriented strategy of the bank is becoming important.

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Revenkov, Pavel, and Dmitry Krupenko. "Mobile banking: Information Security Risk Assessment." Voprosy kiberbezopasnosti, no. 2(30) (2019): 21–28. http://dx.doi.org/10.21681/2311-3456-2019-2-21-28.

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21

Jantre, Miss Sanchita R., and Mr Ratnakar A. Kharade. "GSM Based ATM Security ATM Banking." IARJSET 4, no. 2 (January 20, 2017): 41–43. http://dx.doi.org/10.17148/iarjset/ncetete.2017.13.

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22

Baglai, Roman. "Banking Information Systems Security Management Mechanisms." Collected Works of Kirovohrad National Technical University. Machinery in Agricultural Production, Industry Machine Building, Automation, no. 31 (2018): 111–18. http://dx.doi.org/10.32515/2409-9392.2018.31.111-118.

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23

Shamsus Sadekin, Mohammad. "Security of E-Banking in Bangladesh." Journal of Finance and Accounting 4, no. 1 (2016): 1. http://dx.doi.org/10.11648/j.jfa.20160401.11.

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24

Koskosas, Ioannis. "E-banking security: A communication perspective." Risk Management 13, no. 1-2 (February 2011): 81–99. http://dx.doi.org/10.1057/rm.2011.3.

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25

Hutchinson, Damien, and Matthew Warren. "Security for Internet banking: a framework." Logistics Information Management 16, no. 1 (February 2003): 64–73. http://dx.doi.org/10.1108/09576050310453750.

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26

Hanacek, Petr, Kamil Malinka, and Jiri Schafer. "e-banking security - A comparative study." IEEE Aerospace and Electronic Systems Magazine 25, no. 1 (January 2010): 29–34. http://dx.doi.org/10.1109/maes.2010.5442151.

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27

Lee, Kyungroul, Sun-Young Lee, and Kangbin Yim. "Classification and Analysis of Security Techniques for the User Terminal Area in the Internet Banking Service." Security and Communication Networks 2020 (June 5, 2020): 1–16. http://dx.doi.org/10.1155/2020/7672941.

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As the Internet banking service has become popular, many users have been able to exchange goods online. Even though this offers advantage, there are cases of incidents in the Internet banking service arising from security threats. In order to counteract this problem, various security techniques have been applied over the whole area of the Internet banking service. In this paper, we analyze the results of security techniques applied in the user terminal area. In detail, we classify the existing security technologies into network domain, financial institution domain, and user terminal domain, to ensure the security of the Internet banking service. This paper focuses on security techniques in the user terminal domain. Specifically, we classify the security technologies in the user terminal domain into secure keyboard program, PKI applications, E2E encryption, antihacking program, personal firewall, removable media security, and antireverse engineering technique and describe detailed and key techniques of each security technology. For easy understanding and security analysis of security technologies, we describe each security technology in detail and explain each technology by way of example. We consider that this paper will provide criteria for evaluating the security of Internet banking services.

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28

Mathur, Sonali, Shankar Lal Gupta, and Payal Pahwa. "Enhancing Security in Banking Environment Using Business Intelligence." International Journal of Information Retrieval Research 10, no. 4 (October 2020): 21–34. http://dx.doi.org/10.4018/ijirr.2020100102.

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Data warehouses are the most valuable assets of an organization and are basically used for critical business and decision-making purposes. Data from different sources is integrated into the data warehouse. Thus, security issues arise as data is moved from one place to another. Data warehouse security addresses the methodologies that can be used to secure the data warehouse by protecting information from being accessed by unauthorized users for maintaining the reliability of the data warehouse. A data warehouse invariably contains information which needs to be considered extremely sensitive and confidential. Protecting this information is invariably very important as data in the data warehouse is accessed by users at various levels in the organization. The authors propose a method to protect information based on an encryption scheme which secures the data in the data warehouse. This article presents the most feasible security algorithm that can be used for securing the data stored in the operational database so as to prevent unauthorized access.

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29

Sarumi, J. A., and O. M. Omotosho. "A Review of Network Security Strategies Employed By the Nigerian Banking Sector (Case Study of Access Bank PLC, Bariga, Lagos, Nigeria)." Advances in Multidisciplinary and scientific Research Journal Publication 8, no. 1 (January 30, 2022): 1–10. http://dx.doi.org/10.22624/aims/sij/v8n1p1.

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The security of banking infrastructures viz-a-viz customer funds, investments and deposits are Germaine to successful banking operations. This study reviews computer and network security strategies employed in the banking sector using Access Bank Nigeria PLC, Bariga Branch in Lagos state. Our efforts discovered that some of the strategies put in place to mitigate cyber-attacks include the use of passwords, antivirus, firewalls, encryption, intrusion detection systems and intrusion prevention systems. We posited that the deployment, adoption and utilization of the integrated banking systems used by Nigerian banks provides a certain layer of security that aids banking systems security thus mitigating attacks and ensuring that Nigerian banks rarely experience malicious attacks of any form on their systems. We elucidated some of these strategies and provide insights into their effectiveness. Keywords: Computer Security, Network, Intrusion Detection, Intrusion Prevention System, banking

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30

Syahir, Ahmad, and Chuah Chai Wen. "Secure Login Mechanism for Online Banking." JOIV : International Journal on Informatics Visualization 2, no. 3-2 (June 6, 2018): 179. http://dx.doi.org/10.30630/joiv.2.3-2.136.

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Login is one of the important security features in online banking. This research investigates the mechanism for an existing online banking in Malaysia including the design of the login mechanism, the encryption algorithm used for the password and the security level of the login mechanism. This research provides a result of analyzing data between five online banking in terms of their security features. These analyzing data will be used for proposing secure password encryption in online banking. The mathematic is used to evaluate the security level for these secure login applications. Output from the mathematical analysis is the probability that the adversary may break the security of login application.

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31

Klus, Sylwia, Natalia Łukasiewicz, Zuzanna Urbanowicz, and Leszek Wanat. "E-BANKING SECURITY DILEMMAS OF USERS LIVING IN RURAL AREAS – THE CASE OF KONIN COUNTY IN WIELKOPOLSKA." Annals of the Polish Association of Agricultural and Agribusiness Economists XXIV, no. 1 (January 25, 2022): 115–33. http://dx.doi.org/10.5604/01.3001.0015.7102.

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The aim of the study was to identify selected threats to e-banking security in the opinion of rural residents, on the case of Konin County. Available e-banking services were analysed against the background of cybercrime threats. The research was conducted in the year 2019. In the spatial scope, it concerned Wielkopolska and the territory of the Konin County, which consists of 14 municipalities, including 5 urban-rural municipalities and 9 rural municipalities. Using the method of diagnostic survey, on a sample of almost 400 people invited to the study, the results were collected. The majority of respondents were rural residents. The survey questionnaire consisted of 22 closed questions and information data. Suggested answers were programmed according to a five-point Likert scale. The study used Pearson’s chi-square statistical test of independence, comparative and descriptive analysis. Calculations were performed in MS Excel. As a result, a relatively high level of interest in e-banking among the residents of Konin county was indicated. More than 90% of respondents, primarily rural residents, use online banking. This is especially applicable to retail payments, as well as successive control of the household budget. E-banking’s usability is mostly determined by: time saving, a widespread availability of services and convenience. Despite the awareness of risks, the level of security of online banking inspires confidence among respondents. Therefore, social and legal responsibility of the banking sector for electronic transaction security is recommended. This is justified by the majority of respondent opinions that traditional banking will be eliminated in the future by e-commerce tools, including e-banking.

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Yevseiev, Serhii, Khazail Rzayev, Tamilla Mammadova, Firuz Samedov, and Nataliia Romashchenko. "CLASSIFICATION OF CYBER CRUISE OF INFORMATIONAL RESOURCES OF AUTOMATED BANKING SYSTEMS." Cybersecurity: Education, Science, Technique, no. 2 (2018): 47–67. http://dx.doi.org/10.28925/2663-4023.2018.2.4767.

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The modern development of high technologies and computer technology greatly enhanced the development of automated banking systems of banking sector organizations and allowed the synthesis of information and communication technologies for their formation. However, the era of high technology has increased the range of threats to banking information resources; threats have gained signs of hybridity and synergy. In these conditions, the current issue in shaping the information security management system in banking sector organizations is the formation and analysis of modern threats. In order to generalize the approach of classification of hybrid cyber threats to the components of security: information security, cybersecurity, security of information banking information resources in the work proposed an advanced classification of threats to banking information resources. The classifier takes into account ISO / OSI model levels in automated banking systems, the targeting of threats to security services and their criticality of damage. The article analyzes contemporary international standards and normative documents of the National Bank of Ukraine on security issues of banking information resources. On the basis of this analysis, we propose estimates of the level of danger to intruders and the degree of implementation of protective measures under the conditions of modern hybrid cyber threats.

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O. Ighomereho, Salome, and Ademola S. Sajuyigbe. "Mediating role of perceived service quality between behavioral characteristics, security risk and internet banking usage." Banks and Bank Systems 17, no. 2 (May 26, 2022): 75–85. http://dx.doi.org/10.21511/bbs.17(2).2022.07.

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Internet banking is an essential component of banking. However, most bank customers in Nigeria do not make optimal use of the service. The paper investigates the influence of behavioral characteristics, security risk and perceived service quality on internet banking usage. A research model was developed by incorporating security risk to the antecedent variables of the Theory of Planned Behavior with perceived service quality serving as a mediator. A questionnaire was utilized to gather information from 333 bank customers who had signed up for internet banking. According to the results of structural equation modeling, internet banking usage is positively correlated with subjective norm, perceived behavioral control, and perceived service quality. Security risk, on the other hand, has a negative correlation. The use of internet banking is unaffected by one’s attitude. Regarding the relationship with perceived service quality, attitude and subjective norm were insignificant, while perceived behavioral control and security risk were significant. The mediating effect indicates that perceived service quality did not mediate the association between attitude and internet banking usage. However, subjective norm, perceived behavioral control and security risk partially mediate the relationship. Thus, aside from attitude, the study confirms the Theory of Planned Behavior. The findings provide essential insights into internet banking usage behavior, which is relevant to bank managers and industry regulators.

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Sudha, Raju, A. S. Thiagaraja, and A. Seetharama. "The Security Concern on Internet Banking Adoption Among Malaysian Banking Customers." Pakistan Journal of Biological Sciences 10, no. 1 (December 15, 2006): 102–6. http://dx.doi.org/10.3923/pjbs.2007.102.106.

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Vlasenko, Aleksandra, and Irina Korkh. "Issues of Security of Remote Banking Systems." NBI Technologies, no. 2 (December 2018): 6–10. http://dx.doi.org/10.15688/nbit.jvolsu.2018.2.1.

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The banking system of the Russian Federation is based on Federal legislation, as well as industry and inter-industry standards developed by the International community and the Central Bank of the Russian Federation. The introduction and development of remote banking services is the most popular direction in the modern banking system. The term ‘remote banking service’ refers to the technology of providing services for the remote transmission of orders by credit institutions (without clients’ presence in bank office), using different communication channels. Information security in bank-client systems is carried out by several types of protection. Client authentication is confirmed by the use of an electronic signature. The data channel and the data itself are encrypted. In order to implement the above-described functions of the bank-client system in any software, the client must first generate and register cryptographic keys with the bank and obtain electronic digital certificates. In addition to the protection of the transferred data, personal data that have entered the system of remote banking services also need protection. The research purpose is to analyze the system of remote banking services, to identify regulatory and methodological documents regulating information security issues, options for meeting the requirements of regulators. Confirmation or refutation of the issue’s urgency should be considered as research results.

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Mordan, Y. Y., O. S. Zhuravka, K. V. Didenko, and Y. I. Kravchenko. "Financial Security of the Banking System of Ukraine: The Essence and Evaluation." Business Inform 1, no. 516 (2021): 243–51. http://dx.doi.org/10.32983/2222-4459-2021-1-243-251.

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The article is aimed at defining the essence of financial security of the banking system (FSBS) and carrying out a comprehensive evaluation of its current status. The article examines and systematizes the publications of scholars on the definition of «financial security of the bank». To examine the status of the FSBS, the indicators of resource-forming, credit, investment activities of banks and the dynamics of their income and expenses are analyzed. In the course of analysis, it was found out that the indicators of the resource-forming and investment components of the banking sector of Ukraine have positive dynamics and do not pose threats to its financial security. The analysis of credit security indicators identified a significant threat to the financial security of the banking system – a significant proportion of non-performing loans. The dynamics of incomes and expenses of the banking sector has demonstrated that the banking system is gradually coming out of the crisis and has a positive financial result since 2018. To summarize the analysis, both the indices and the integral indicator of the FSBS were computed in accordance with the methodological recommendations of the Ministry of Economic Development and Trade of Ukraine, the results of computing led to conclusion that the financial security of the banking system of Ukraine is at a dangerous level. Prospects for further research are condition due to the low level of financial security of the banking system of Ukraine and the need to develop a set of measures aimed at improving the overall level of financial security of the banking system.

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Svilar, Aleksandra, and Jože Zupančič. "User Experience with Security Elements in Internet and Mobile Banking." Organizacija 49, no. 4 (December 1, 2016): 251–60. http://dx.doi.org/10.1515/orga-2016-0022.

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Abstract Background/Purpose: Maintaining a balance between security and a positive user experience in mobile and Internet banking is becoming increasingly difficult for the providers of banking services. The goal of our research is to analyse user opinions about the current situation: how users perceive security and how the authentication methods they are using affect user experience. Methodology: Data were collected using an online survey among the users of 15 banks operating in Slovenia, and statistical methods were applied to analyse them. Results of the users’ study were evaluated and commented by a limited number of interviewed banking security experts. Results: The results indicate that the use of mobile banking in Slovenia is relatively low, as only 30 percent of respondents use mobile banking along with Internet banking. Slovenian users perceive security to be the most important factor in mobile and online banking, closely followed by reliability. We also verified whether the users knew which authentication methods they were using: 69% of respondents selected the correct authentication method. The opinion of 88% of respondents was that authentication methods do not limit them when using mobile and Internet banking. Results of the study of user’s opinions did not surprise the experts, although experts’ views about the balance between security and usability diverged considerably. Conclusion: Our results indicate that, in Slovenia, users of the Internet and mobile banking services regard security to be the most important element in mobile or Internet banking and find user experience less important while they absolutely do want products that are easy to use.

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FLENOVA, Elena V. "Risks typology of the banking system economic security and methodological approaches to their assessment." SOCIAL AND ECONOMIC PHENOMENA AND PROCESSES, no. 2 (2020): 90–97. http://dx.doi.org/10.20310/1819-8813-2020-15-2(109)-90-97.

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The aim of the study is to identify the advantages and limitations of the system of standards used in modern Russia as threshold values of indicators of threats to the economic security of the banking system. During the study, we developed the conceptual apparatus of the theory of economic security management, determined the composition of risks of the sustainable development of the banking system and analyzed indicators of threats to its functioning. In accordance with the goal, we presented interpretation of the conceptual structures “economic security of the banking system” and “banking security”. We carried out scientific research using the gnoseological potential of the theory of economic security, the theory of credit and banking, and the theory of risk management. To solve the research problems, we used methods of economic grouping, economic comparison (comparison), abstract-logical method, etc. The use of these methods made it possible to present a typology of risks and threats to the economic security of the banking system, as well as to analyze the methodological approach adopted by the banking segment of the Russian economy to determine threshold values of economic security indicators based on the use of standards. These standards are based on the accounting of indicators of capital adequacy level and indicators of return on capital. We formulated the advantages and disadvantages of this approach taking into account the interests of owners, managers and clients of banks and non-bank credit organizations. It is necessary to develop a methodology for determining the level of risks of the sustainable development of the banking system, taking into account the increase in the level of uncertainty of environmental factors. The obtained conclusions are a starting point for further study of indicators of threats to the economic security of the banking system and justification of their thresholds.

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Singh, Supriya. "The Social Dimensions of the Security of Internet Banking." Journal of Theoretical and Applied Electronic Commerce Research 1, no. 2 (August 1, 2006): 72–78. http://dx.doi.org/10.3390/jtaer1020014.

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This paper examines the users’ perspective on the security of Internet banking in Australia within the social context. This user-centered design approach supplements the technological and industrial approaches to security. The user-centered research on banking was conducted at the Royal Melbourne University of Technology University and Griffith University, both of which are part of the Smart Internet Technology Cooperative Research Centre. We conclude that the most effective way to increase the perception of Internet banking security is to increase ease of use, convenience, personalisation and trust. Without the perception of security, there will be little trust in banking and transactions on the Internet. This will impede the use of Internet banking and e-commerce which are increasingly important aspects of the nation’s critical infrastructure.

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Makarević, Nedim. "Perceptions towards IT Security in Online Banking." International Journal of Finance & Banking Studies (2147-4486) 5, no. 1 (January 21, 2016): 01–15. http://dx.doi.org/10.20525/ijfbs.v5i1.51.

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This study has been completed with a purpose to analyze and compare perceptions of clients of Bosnia and Herzegovina and those of Croatian clients about IT security in online banking, to provide insight into similarities and differences of their view points and to create important set of information for all subjects active in banking industry. Once the survey based on six variables and specific questions assigned to each one of those variables was prepared, results regarding both countries were collected and concluded. Survey was completed in both Bosnia and Herzegovina and Croatia at high response rates. Even 207 respondents replied from Bosnia and Herzegovina, while 203 respondents completed survey from Croatia. Results were analyzed and presented using descriptive statistics. Results indicated that Croatian e-banking users trust to banks when it comes to IT security of online banking much more compared to clients of Bosnia and Herzegovina. It is important to mention that clients of Croatia perceive tangible features as highly significant while Bosnian clients do not perceive tangible features that much important. This proved that Croatian clients are aware of potential security threats and they know their part of responsibility when it comes to handling money online. On the other hand, results from Bosnia and Herzegovina indicated that Bosnian clients have lack of trust in online banking, and lack of awareness about personal tangible aspects that can improve security of personal online banking experience. The main limitation of this study is relatively small sample and too generic approach. Therefore, this study may be perceived as a pilot study for future researchers. The study’s results may be of interest to marketers and managers of banks operating in Bosnia and Herzegovina and Croatia to learn more about their clients’ perceptions towards their e-banking services.

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Islam, Saiful. "Enhanced Information System Security in Internet Banking and Manufacturing." International Journal of Engineering Materials and Manufacture 5, no. 2 (June 25, 2020): 62–67. http://dx.doi.org/10.26776/ijemm.05.02.2020.05.

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The internet has contributed significantly by changing how we interact with other people and how we execute business today. By virtue of the internet, electronic commerce has emerged, facilitating business to manage their customers and other corporations inside more effectively and outside their industries. The industry which is applying business transaction using this new communication channel to reach its customers is the banking industry. The electronic banking system addresses several emerging trends such as customer's demand for anytime, anywhere service, product time-to-market imperatives and increasingly complex back-office integration challenges. The challenges that oppose electronic banking are concerns of security and privacy of information. This paper will first discuss the current forms of security threats in the internet banking; secondly, it will investigate weaknesses in the current information security protocols of the internet banking. Thirdly, it will propose an enhanced information system security for internet banking.

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Fang, Ze Nan, Yu Zhi Li, and Cong Zhao. "Improve the Security of Mobile Banking Service by T Key Authentication." Advanced Materials Research 846-847 (November 2013): 1612–14. http://dx.doi.org/10.4028/www.scientific.net/amr.846-847.1612.

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Combining the technologies of electronic currency and mobile communication, mobile banking services can not only make people in any time, any place handle a variety of financial services, but also greatly enriched the connotation of banking services. While people are enjoying the convenient, efficient banking services, the security issue becomes a focus of attention and a key to this business development. This paper outlines the development trend of mobile banking service, analysis its existing security measures and challenging problems, and puts forward a new solution to improve the safety of the mobile banking service. It is of significance to the development of mobile banking industry and the financial security of a country.

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Kiporenko, Svitlana. "THE INFLUENCE OF THE INFORMATION ECONOMY ON THE ACTIVITIES OF BANKS." Three Seas Economic Journal 2, no. 4 (November 30, 2021): 31–37. http://dx.doi.org/10.30525/2661-5150/2021-4-6.

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The banking system ensures the smooth functioning of the country's economy by servicing cash and non-cash payments, holding funds of legal entities and individuals, providing them with credit resources and many other types of operations. Banking activity is characterized by a high degree of risk, as banks operate under the constant threat of losing money and bankruptcy. Therefore, the fight against risk is an important task of the entire banking system, and ensuring banking safety becomes the cornerstone of the mechanism of financial security of the state. The existing problems in the banking system in modern conditions are exacerbated by the rapid development of the information economy, which is radically changing the payment landscape of entire countries and threatens the existence of the banking system as such in the usual sense. The aim of the study is a theoretical and analytical coverage of the problems and risks of banking security of the state in the development of the information economy. The subject of the study are the theoretical aspects of banking security of Ukraine in the development of information economy. The article used such methods of research as: the method of scientific knowledge (due to the purpose and objectives of the study); analysis and synthesis (to study the impact of the development of the information economy on the banking security of the state); comparative analysis (for the process of analyzing the existing methodological approaches to assessing the level of banking security of the state); statistical analysis, comparison and graphical methods (to assess the state of the main effects of the information economy on the banking system); systematization and statistical analysis (to determine changes in the operational component of banking activity under the influence of the information economy). It was also analyzed e-money transfer services and what e-money was issued by banks in 2020. Data on information security and cybersecurity of Ukrainian banks were provided. According to the results of the study, conclusions were made about the impact on the development of the information economy of the risks arising in banking operations. The prospects for further research in the field of improving the methods of security in the informatization of banking services are outlined.

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N., Davydenko, and Kolodiazhna V. "ASSESSMENT OF FINANCIAL SECURITY OF THE BANKING SYSTEM OF UKRAINE." Scientific Bulletin of Kherson State University. Series Economic Sciences, no. 40 (December 24, 2020): 51–58. http://dx.doi.org/10.32999/ksu2307-8030/2020-40-9.

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Today, the basis of financial security of the state is to ensure the stability and security of the banking system, because the decline in confidence in banks causes damage to the financial security of the whole country. The purpose of the article is to study the essence of financial security of the banking sector and develop proposals for its strengthening based on an assessment of the state of the banking sector at this stage of economic development. The primary tasks of the banking system are the stabilization of the monetary system of the state, the accumulation of financial resources of society, ensuring the stability of the national currency, which together have a signi-ficant impact on its financial security. That is why it is necessary to determine the state of the banking sector of the state in terms of its ability to withstand internal and external negative factors in the banking process. Therefore, the state of financial security of the banking system is subject to constant analysis, especially in our time, due to the difficult military-political situation and economic instability in the country, which has negatively affected the activities of commercial banks. The article presents the main indicators of the banking sector of Ukraine during 2014–2019, which provide an opportunity to analyze trends in its state under the influence of internal and external factors. The main characteristic features of the banking system of Ukraine in the conditions of modern challenges are determined. According to the results of the analysis, it can be stated that the state of the banking system of Ukraine is quite unstable, primarily due to the change in the structure of the banking sector and the fact that Ukraine is on the way to overcoming the crisis of the banking system. As a result of the research, measures have been identified to ensure the stability of the banking sector and increase the level of financial security of the banking system. It is established that in order to further ensure the stability of the financial security of the banking system of Ukraine at a high level, considerable attention should be paid to improving the banking management system and tools of state financial monitoring of the banking sector.Keywords: financial security, state, banking system, solvency, financial stability. У статті визначено сучасні підходи до визначення сутності фінансової безпеки банківської системи держави, як основної складової її економічної системи. Визначено основну мету підтримки фінансової безпеки банку та структуру банківського сектору держави в розрізі його платоспроможності. Здійснено оцінку основних показників діяльності банківського сектору держави та проведено аналіз сучасного його стану протягом 2014–2019 рр. на основі офіційної статистичної інформації Національного банку України. Визначено вплив націоналізації ПАТ «Приватбанк» та обґрунтовано основні її наслідки для державної частки банківського сектору. Охарактеризовано ефективність функціонування банківської системи України, а також вплив банківської реформи на нівелювання наслідків кризи банківської системи.Ключові слова: фінансова безпека, держава, банківська система, платоспроможність, фінансова стійкість

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Cheng, Cheng. "Implement and Research on Electronic Banking Security Assessment." Applied Mechanics and Materials 687-691 (November 2014): 4507–10. http://dx.doi.org/10.4028/www.scientific.net/amm.687-691.4507.

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The paper discusses the current application status of electronic banking (E-banking), and presents a method of E-baking security assessment. According to the design objective and risk management objective, combined the external supervision, reference business realize standard, and we assess the security of the bank. This paper attempts to examine the risk assessment of electronic banking system and offers an attentive solution to its problem. The main work of this paper: Firstly, we survey the various security models and then proposed our risk assessment approaches. Secondly, fundamental parameter system matrixes are formed based on various risk factor abstraction and quantification. Thirdly, fundamental parameter systems are transferred to key parameter systems based on assessment requirements of No. 9 China Banking Regulatory Commission. Fourthly, fundamental parameter system quantitative matrix and key parameter system are combined to form system risk quantitative assessment, and expert evaluation approach is adopted to address the problem of security sub-domain weight misguidance. At last, a simple and easy risk assessment management tool is designed and developed for banking entities based on electronic banking risk assessment approach, helping commercial banks to run and manage risk assessment.

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Mogos, Gabriela, and Nor Shahida Mohd Jamail. "Study on security risks of e-banking system." Indonesian Journal of Electrical Engineering and Computer Science 21, no. 2 (February 1, 2021): 1065. http://dx.doi.org/10.11591/ijeecs.v21.i2.pp1065-1072.

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<p>Online banking and other e-banking modes are a very convenient way to banking in terms of speed, convenience and delivery costs, but they have brought many risks alongside them. Online banking has created a new risk orientation and even new forms of risk. Technology plays an important role as both a source and a tool for risk control. The purpose of this research is to identify the security situation of the e-banking application and to analyze the risks and attacks that could occur to the customers that, although it’s an e-banking application attacks could happen. Several mitigations were mentioned to overcome attacks like, access control is to mitigate eavesdropping this means that, restricting access to sensitive data is mandatory. Another way to mitigate is, update and patch which is for SQL injection meaning, it's vital to apply patches and updates when it’s available. These attacks may attack the whole application or target an individual where private information is stolen or changed. This research also shows how to apply several more different protections measures to protect oneself and organization from being targets of cybercrime. </p>

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Dianta, Indra Ava, and Edwin Zusrony. "Analisis Pengaruh Sistem Keamanan Informasi Perbankan Pada Nasabah Pengguna Internet Banking." INTENSIF: Jurnal Ilmiah Penelitian dan Penerapan Teknologi Sistem Informasi 3, no. 1 (February 1, 2019): 1. http://dx.doi.org/10.29407/intensif.v3i1.12125.

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A secure banking world service is an absolute requirement to compete competitively in today's digital age. Information system security in banking services transaction especially Internet Banking features become very important to support accountable service. In the information security system or computer there are 3 dimensions are assessed, namely confidentiality, integrity, and availability. The three dimensions applied to the respondents of employees of PT. XYZ Salatiga using Forum Group Discussion (FGD) technique. The results of this study show that most of the employees of PT. XYY Salatiga of 80%, stated that the availability dimension with the access speed indicator is the most affect the security of information system of Internet Banking feature. This can be a recommendation for Bank BCA in terms of increasing data security especially related to Internet Banking.

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KUZOVLEVA, N. F., and N. V. TARASOVA. "BANKING SECTOR DIGITALIZATION: TRENDS OF DEVELOPMENT AND ECONOMIC SECURITY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 9 (2021): 93–98. http://dx.doi.org/10.36871/ek.up.p.r.2021.09.01.013.

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The article is devoted to the current problems of digitalization in the banking sector including ensuring of economic security in connection with introduction of digital currencies by central banks. Emphasized is special role of credit and financial organizations in development of digital banking technologies. Economic security risks of the banking sector arising in the process of introducing digital financial services are noted. The article gives an assessment of the level of development of digital transformation processes of the domestic credit and banking sector.

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Bakulina, A. A., and V. V. Popova. "The influence of FinTech on the Banking Sector Security." Economics, taxes & law 11, no. 2 (November 6, 2018): 84–89. http://dx.doi.org/10.26794/1999-849x-2018-11-2-84-89.

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The main target of the Russian Federation Government and the Central Bank of Russia after the financial crisis is the restoration of the banking system stability and the public confidence alongside the rapid promotion of financial technologies (FinTech) expected to revolutionize the banking sector. The growing popularity of the FinTech is a positive trend which brings not only opportunities but also risks to the banking sphere. The purpose of the research was to identify the key FinTech risks affecting the security in the banking sector. Based on the results of the risk analysis, methods to ensure the safe development of the FinTech industry and mechanisms for minimizing and preventing the negative impact of the FinTech on the banking sector were developed. It is concluded that the elimination of the FinTech risks in the banking sector will lead to the emergence of a new financial industry where the FinTech will take central stage.

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Költzsch, Gregor. "INNOVATIVE METHODS TO ENHANCE TRANSACTION SECURITY OF BANKING APPLICATIONS." Journal of Business Economics and Management 7, no. 4 (December 31, 2006): 243–49. http://dx.doi.org/10.3846/16111699.2006.9636145.

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The increasing number of identity theft incidents such as credit card fraud, card duplication and internet attacks threaten the banking business that is mainly based on customer trust. Information and communication technologies create new business opportunities and innovative applications but do also enable new attack scenarios. Therefore, maintaining security and integrity is essential for the future economic success of banking. Biometric technologies such as fingerprint and facial recognition provide the means to enhance banking security. They are concerned with the measurement and evaluation of human physiological or behavioral data. Although the security‐oriented use of biometric technologies has become the most important field of development, they also enable a variety of convenience‐oriented use cases and applications. The article describes the security issues raised by technology‐based banking applications and outlines the idea of biometric technologies. Eventually, potential security and convenience‐driven use cases for biometrics in banking are illustrated based on examples given by a variety of professional project reports, magazines and other sources.

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Journal articles on the topic 'Banking security'

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