A STUDY ON CYBER SECURITY THREATS IN DIGITAL BANKING IN INDIA: AN ANALYTICAL PERSPECTIVE
DOI:
https://doi.org/10.29121/shodhkosh.v5.i1.2024.4924Keywords:
Digital Banking, Mobile Banking Threats, Fraud Detection, Identity Theft, Secure Transactions, Payment Security, Encryption, TokenizationAbstract [English]
With the rapid evolution of digital banking, cybersecurity threats have increased, posing risks to financial institutions and customers. This paper explores key cybersecurity threats in digital banking, their implications, and mitigation strategies. The analysis includes real-world case studies and data interpretation, providing insights into the effectiveness of existing security measures. A comprehensive review of various cybersecurity challenges, evolving threat landscapes, and the role of technology in mitigating these risks is discussed in detail. Additionally, this paper delves into regulatory compliance, policy recommendations, and emerging trends in cybersecurity.
References
Aggarwal, S., & Sengupta, S. (2020). Cyber Fraud in Indian Banking Sector: Issues and Challenges. Journal of Banking and Finance, 12(3), 45-52.
Gupta, R., & Sharma, V. (2018). Cyber Security in Digital Banking: Issues and Challenges. International Journal of Computer Applications, 179(7), 25-30. DOI: https://doi.org/10.5120/ijca2015907029
Kaspersky Lab. (2019). Financial Cyberthreats Report. Retrieved from https://www.kaspersky.com
Khanna, P., & Jain, R. (2022). Cyber Security Awareness Among Digital Banking Users in India. Asian Journal of Management, 13(1), 58-65.
KPMG India. (2021). India’s Digital Banking Cybersecurity Survey Report. Retrieved from https://home.kpmg/in/en/home/insights.html
NASSCOM. (2020). Cybersecurity Trends in Indian Banking Sector. Retrieved from https://www.nasscom.in
PwC India. (2021). Cyber Security in Digital India: Threat Landscape and Best Practices. Retrieved from https://www.pwc.in
Reserve Bank of India. (2022). Annual Report 2021-22. Retrieved from https://www.rbi.org.in
Singh, A., & Arora, R. (2019). Cyber Threats in Indian Banking: A Study. International Journal of Research in Finance and Marketing, 9(5), 101-112.
Albashrawi, M., & Motiwalla, L. (2019). Privacy and Security in the Digital Age: An Empirical Study of Online Banking Users. Information & Management, 56(5), 576-591. https://doi.org/10.1016/j.im.2018.11.001 DOI: https://doi.org/10.1016/j.im.2018.11.001
Deloitte India. (2020). Cyber Security in Banking: Emerging Trends & Best Practices. Retrieved from https://www2.deloitte.com/in/en.html
IBM Security. (2021). Cost of a Data Breach Report 2021. Retrieved from https://www.ibm.com/security/data-breach DOI: https://doi.org/10.1016/S1361-3723(21)00082-8
Indian Computer Emergency Response Team (CERT-In). (2021). Annual Report on Cyber Security Incidents. Retrieved from https://www.cert-in.org.in
Jain, A., & Goyal, R. (2019). Cybersecurity Threats in Banking Sector: A Critical Analysis. Journal of Information Technology and Economic Development, 10(2), 28-36.
Kapoor, A., & Roy, S. (2020). Digital Transformation and Cybersecurity in Indian Banking Sector. Journal of Business and Management, 22(3), 15-24.
PwC India. (2020). Building Trust in Digital Banking: Cybersecurity as a Business Imperative. Retrieved from https://www.pwc.in/research
Singh, P., & Bansal, S. (2018). Cyber Security Challenges and Its Emerging Trends on Latest Technologies. International Journal of Engineering and Technology, 7(2), 247-250.
Symantec Corporation. (2019). Internet Security Threat Report. Retrieved from https://www.symantec.com/security-center
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Dr. Krishna C.P

This work is licensed under a Creative Commons Attribution 4.0 International License.
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.