CYBER-ATTACKS AND DATA INTEGRITY CONCERNS CRIPPLE LARGE PARTS OF THE INTERNET ON BANKING
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Date
2020-02
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The British University in Dubai (BUiD)
Abstract
The use of the internet in the banking sector is increased day by day. Most of the activities now are done with the help of the internet. However, with the advancement of technologies, the banking sector goes to the next level e-banking platform. They implement several technologies to gain a huge customer base and competitive advantage. However, with technological advancements, the cyber-crime is also boosted. The banking sector faces the most cyber-attack and confronts a huge financial loss as well. This research is conducted in the banking sector of the UAE. The topic of this research is to know about the impact on data integrity and the cyber-attack on the financial sector. Therefore, the researcher set some objectives and research aim before starting the work. However, this research will focus on the typology of the cyber-attack and its impact on the scope of the e-banking platform. Apart from that, customers' behavioral change for the e-banking platform is also focused.
It is recommended that the banking sector should implement several tools and methods to secure the platform for the customers. However, the Government should take some steps and implement some regulations to cope up with these difficult situations. However, the latest technologies like machine learning, DBMS, cloud-based technology and BlockChain can help in this matter.
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Keywords
banking sector, United Arab Emirates (UAE), e-banking platform, cyber-attack, financial sector