Technology plays a pivotal role in today's financial landscape. Ensuring cyber security and safety in the banking sector has become paramount. The pervasive integration of technology in banking operations has brought unprecedented convenience but also heightened the vulnerability of financial institutions to cyber threats. High-profile breaches and the potential consequences of compromised financial data have underscored the urgency of comprehensively addressing cyber security and safety in banking.
Cyber security in banking faces unique challenges due to the complex nature of financial transactions and the attractiveness of banks as prime targets for cybercriminals. The challenges include the constant evolution of cyber threats, insider threats, and the need to balance security measures with customer convenience. Educating customers about cyber threats and safe online practices is a critical component of cyber security in banking. Banks must actively engage in awareness campaigns, providing customers with information on identifying phishing attempts, secure online banking practices, and the importance of regularly updating passwords.
This book aims to dissect the multifaceted challenges posed by cyber threats in today's dynamic banking landscape and propose novel fintech approaches to fortify the security fabric of the banking sector. The ultimate aim is to raise awareness about the challenges, promote proactive measures, and contribute to the safeguarding and integrity of the financial sector. Researchers, engineers and scientists in academia and industry working in the fields of cybersecurity and fintech, and in related areas of computing, data science, artificial intelligence, mobile and wireless computing and networking, will find this book to be a useful source of information on developments in its field.
Chapter 1: Cyber Security - An Introductory Discussion
Chapter 2: Malwares, Security, Vulnerabilities and more
Chapter 3: Internet Banking
Chapter 4: Mobile Banking
Chapter 5: Cyber Fraud
Chapter 6: Debit and Credit Card Frauds
Chapter 7: Money Laundering
Chapter 8: Harnessing the Power of AI & ML for Cybersecurity in Banking
Chapter 9: Blockchain Technology in Banking
Chapter 10: Social Engineering Attacks
Chapter 11: Social Media Attacks
Chapter 12: Enlightening Customers on Cyber Security and Safety
Chapter 13: Notable Real-world Case Studies (Lessons Learned)
Chapter 14: The Conclusion
Shriram K. Vasudevan is the principal - date sciences cloud and infra at LTI Mindtree Ltd., India. He has over 17 years of experience in industry and academia, and he researches and consults in the areas of cyber security, deep learning and AI with a focus on cyber security for mobile applications. He has authored or co-authored 45 books for STMS publishers, published over 150 research articles, and has been granted 13 patents.
Sini Raj Pulari is a professor and tutor in the Faculty of EDICT (School of Creative Media) at Bahrain Polytechnic in the Kingdom of Bahrain. She has 16 years of computer science engineering research and professional experience at reputed Indian universities and in industry. She is an active member in the board of curriculum development for various universities and has also developed and guided around 40+ UG and PG projects.
T.S. Murugesh is an associate professor at GCE Srirangam in India. He has 26 years of academic and industry experience, including 19+ years at Annamalai University. He holds multiple professional certifications, has delivered numerous national and international lectures, and reviews for major publishers like IEEE and Springer. With 60+ publications, 10+ books, and several UK and Indian patents, he is also an active hackathon participant and mentor, MSME-funded innovator, and member of The Institution of Engineers (India).
Subashri Vasudevan is affiliated with Bank of America Continuum India Pvt. Ltd, Chennai, India. She is a technology professional with 12 years of expertise in cloud computing, data analytics, and data engineering. A former Google Women Techmaker and Microsoft-awarded Community Volunteer, she is an active hackathon participant with one patent granted and two under review. She has co-authored several technical books with her sibling, earning a Limca Book of Records mention.
