Banking security developments in the face of advanced cyber threats

The security of banking networks is considered a top priority for banks due to the critical importance of financial information and transactions. With the expansion of digital technologies and the increasing use of online banking services, banking networks have become attractive targets for cyberattacks. These attacks can not only lead to the theft of sensitive and financial data but may also cause disruptions in banking services, a loss of customer trust, and significant economic damages. In this article, the security threats facing banking networks, including phishing attacks, ransomware, Man-in-the-Middle (MITM) attacks, and Distributed Denial of Service (DDoS) attacks, are comprehensively examined. Additionally, the impacts of these attacks on data security, customer privacy, and banking operations are analyzed. To address these threats, effective solutions are proposed, such as the use of advanced encryption to protect data, multi-factor authentication (MFA) to enhance access security, and continuous network monitoring to identify suspicious activities.

Banking security developments in the face of advanced cyber threats Keywords:

Network security , electronic banking , cyber attacks , phishing , encryption , multi-factor authentication , intrusion detection systems.