A survey of cybersecurity threats and countermeasures in the Indian financial sector

Abstract

This research paper delves into the realm of cybersecurity threats and countermeasures within the Indian financial sector, a domain increasingly susceptible to cyber attacks due to rapid digitalization. The primary objective of this study is to assess the current state of cybersecurity awareness, the effectiveness of existing countermeasures, and to identify potential gaps in the cybersecurity framework of the Indian financial sector. Employing a structured questionnaire, data was collected from 750 respondents across various demographics including financial analysts, IT professionals, and banking employees, utilizing stratified random sampling techniques. The analysis involved frequency count, percentages, and cross-tabulation to interpret the complex interplay between demographic factors and cybersecurity aspects. The study highlights the importance of continuous adaptation in cybersecurity measures and advocates for enhanced training programs and policy enforcement.