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December 1, 2022

Cybersecurity and Data Integrity in Financial Systems: A Review of Risk Mitigation and Compliance Models

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Authors

MZMd Hasan ZamilMFMohammad Omar Faruq

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Overview

This review discusses cybersecurity measures and compliance models that enhance data integrity and mitigate risks in financial systems, indicating their importance for stability.

Key Points

  • Cyber incidents disrupt liquidity and settlements, leading to systemic ripple effects throughout the financial ecosystem.
  • The analysis reviewed 127 studies, which highlighted major incidents like the Bangladesh Bank SWIFT attack and their governance vulnerabilities.
  • Evaluation followed PRISMA guidelines, focusing on governance, compliance, and strategies for enhancing organizational resilience in finance.
  • Recommendations reveal that integrated approaches to governance and compliance are critical for financial stability in the digital era.

Cite This Study

Zamil et al. (2022) studied this question.

synapsesocial.com/papers/68af80717567bf4f94ff74a2https://doi.org/10.63125/azwznv07
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