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 banksrsquo counteraction to cyberattacks was researched with systematic approach...

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Bibliographic Details
Main Authors: Ekaterina S. Borisova, Andrey L. Belousov
Format: Article
Language:English
Published: Tatar Educational Center "TAGLIMAT" Ltd. 2019-09-01
Series:Aktualʹnye Problemy Èkonomiki i Prava
Subjects:
Online Access:http://apel.ieml.ru/storage/archive_articles/9918.pdf
Description
Summary: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 banksrsquo 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 processoriented 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.
ISSN:1993-047X
2410-0390