Impact Of Cybersecurity Research Articles

Impact of cybersecurity on risk mitigation strategy by commercial banks in emerging markets: A legal perspective case study

This study examined the impact of cyber security on risk mitigation strategy by commercial banks in the emerging market. The objectives included exploring the relationship between cyberspace and cyber threats, identifying the causes and challenges of these threats, and proposing solutions. A quantitative research approach was adopted, utilizing questionnaires for data collection from a sample of 25 respondents. Results indicated that major cyber risks included phishing, hacking, and internal accounting fraud (Johnson, 2016). Key challenges identified were inadequate oversight by managers, insufficient data encryption, reliance on third-party services, and lack of national standards and infrastructure, which hinder efforts to combat cyber threats (Alsayed & Bilgram, 2017). The study concluded that enhancing cyber security is crucial for Zimbabwean banks. Recommendations for NEWMAN Bank (NB) include implementing stringent monitoring of staff activities related to customer confidentiality, conducting regular cyber security audits, raising customer awareness, and adopting measures such as multifactor authentication, automatic logout features, and strong firewalls to mitigate cyber risks effectively.

The impact of cybersecurity on SMEs strategies through technological infrastructure in Balqa governorate

The technological infrastructure is the basis for the successful implementation and operation of information systems in small and medium enterprises. The study aimed to demonstrate the impact of cybersecurity on entrepreneurship strategies in small and medium enterprises. Through technological infrastructure in Balqa Governorate. The study population consisted of small and medium enterprises in Balqa Governorate in Jordan. The study followed the descriptive analytical approach and relied on the questionnaire to collect data. The sample size was 360 individuals were randomly select. The Statistical Package for Social Sciences (SPSS) was use to analyze the data. The study reached a set of results, including that the management of small and medium enterprises is committed to continuous supervision and control of customer information. Dealing with reliable parties to ensure the confidentiality of information, following strict standards for disclosure and circulation of customer data and information based on legal texts. Maintaining the privacy of customers’ financial data, in addition to supporting the successes of individuals based on the personal efforts of employees, providing a suitable work environment for employees, sustaining excellence and achievement, and working to increase awareness among its employees of the importance of innovation and creativity in work. The study recommended that customer data confidentiality should be consider a top priority for small and medium enterprises. The data should be stored in more than one place at the same time, that project websites should follow a privacy policy, and that the customer’s identity should be verify before submitting his data and documents, by involving employees in small and medium enterprises in specialized courses and workshops to demonstrate the importance of data and information confidentiality.

Data Breach Disclosure Laws and Social Responsibility Initiatives

Synopsis The research problem This study investigated how firms employ corporate social responsibility (CSR) as a precautionary strategy in response to heightened concerns about cybersecurity following the adoption of data breach disclosure laws in the United States. Motivation CSR has garnered substantial attention in contemporary society. Simultaneously, the last few decades have witnessed a rapid surge of the digital economy. However, it remains unclear how CSR is adapting to digitalization. In this study, I focused on cybersecurity, a pivotal challenge in the digital age. Theoretical reasoning The enactment of data breach disclosure laws enhances the reporting of cybersecurity incidents and intensifies concerns about cybersecurity, promoting firms to take measures to mitigate the adverse impacts of data breaches. Building on the theory that CSR functions like an insurance policy, I hypothesized that firms increase their engagement in CSR to fortify their reputation after the enactment of data breach disclosure laws, helping cushion the potential impact of future breaches. Analyses The main analysis employed a difference-in-differences research design to compare the changes in CSR engagement between firms with high and low levels of cybersecurity risk following the enactment of data breach disclosure laws in the United States. Cross-sectional analyses delved into the underlying mechanisms. Additional analyses first explored the role of CSR in mitigating stock price decline and then illustrated reputational concerns after data breaches. Findings The main analysis showed that firms with high cybersecurity risk increase their CSR engagement to a greater extent following the adoption of data breach disclosure laws. CSR initiatives are particularly pronounced for firms likely to incur significant losses from data breaches, aligning with the theoretical framework and offering insight into the underlying mechanisms. I also found that firms with fewer financial constraints exhibit stronger CSR initiatives. Furthermore, these CSR initiatives are distinct and cannot be substituted by investments in information technology. The additional analysis illustrates that firms with superior CSR performance undergo a smaller stock price decline surrounding data breach announcements. This supports the notion that CSR functions much like insurance, shielding against the impacts of data breaches. Subsequently, this study presents direct evidence on firms’ concerns regarding the reputational impact of cybersecurity. Overall, this study underscores cybersecurity concerns as a driving force behind social responsibility initiatives in this digital era. Target population This research holds significance for policymakers worldwide who are considering cybersecurity-related regulations and for firms seeking effective risk management strategies in the face of cybersecurity challenges.

The Rising Risks of Cybersecurity Breaches

A survey of the NEJM Catalyst Insights Council finds awareness of the risks and potential impact of cybersecurity and data breaches, as well as surprising gaps in some capabilities to recover from attacks.

Cybersecurity Impact of Cybercrime in Strengthening Trust In BSI Kc Rantau Prapat

Cybersecurity Impact of Cybercrime in Strengthening Trust In BSI Kc Rantau Prapat

Analysis of the Impact of Cybersecurity on The Stability of Financial Institutions

The issue of the impact of cybersecurity is a top priority for the functioning of a financial institution. Therefore, its provision becomes a priority in organizing the further activities of the institution itself. The article aims to analyze the current trends in ensuring the cybersecurity of financial institutions and its role in their functioning. The paper describes the theoretical foundations of the cyber protection concept. The authors also outline the specifics of cybersecurity and the leading technological solutions for achieving these goals. Special attention is paid to modern, innovative solutions to maintain the stability of financial institutions and the possibility of further development. An important area of research is the disclosure of the practical experience of information corporations in providing technical solutions to ensure the security of financial transactions and support the global financial system. The study presents the experience of Ukrainian financial institutions that use variable digital defense strategies and maintain their functionality based on an effective cybersecurity system in the context of a global military conflict. The results of the study include a detailed profile of effective practical solutions to ensure the stability of financial institutions based on the implementation of blockchain technologies. The authors pay attention to the issue of modern software, hardware, and management solutions to improve the quality of cybersecurity in the context of growing cyberattacks and digital threats to the stability of financial institutions. The research findings may be helpful for further analytical studies on the effectiveness of cybersecurity and the stability of financial institutions.

Exploring the impact of cybersecurity on using electronic health records and their performance among healthcare professionals: A multi-analytical SEM-ANN approach

Cybersecurity is critical in safeguarding sensitive information against evolving threats, especially in the healthcare sector, where Electronic Health Records (EHR) are central to the digital transformation of healthcare. This study takes a unique approach by investigating the influence of cybersecurity on healthcare professionals' use of EHR systems and its impact on their performance. It goes beyond the traditional adoption theories by integrating the Technology Acceptance Model (TAM) with cybersecurity and emotional trust and focuses on actual EHR system usage and its performance impact. The data from 459 healthcare professionals, analyzed using a Structural Equation Modeling-Artificial Neural Networks (SEM-ANN) approach, provides a comprehensive view of the dynamics involved. The findings suggest that cybersecurity's impact on the system's ease of use may vary by context. Ease of use was linked to trust but not directly to perceived usefulness. Importantly, systems perceived as efficient and beneficial are used more, leading to improved healthcare service quality. The study underscores the importance of robust cybersecurity measures and trust in effective EHR integration, offering valuable insights for enhancing EHR system acceptance and healthcare outcomes in Jordan.

Analysis of the Impact of Cybersecurity on the Stability of Financial Institutions

"The issue of the impact of cybersecurity is a top priority for the functioning of a financial institution. Therefore, its provision becomes a priority in organizing the further activities of the institution itself. The article aims to analyze the current trends in ensuring the cybersecurity of financial institutions and its role in their functioning. The paper describes the theoretical foundations of the cyber protection concept. The authors also outline the specifics of cybersecurity and the leading technological solutions for achieving these goals. Special attention is paid to modern, innovative solutions to maintain the stability of financial institutions and the possibility of further development. An important area of research is the disclosure of the practical experience of information corporations in providing technical solutions to ensure the security of financial transactions and support the global financial system. The study presents the experience of Ukrainian financial institutions that use variable digital defense strategies and maintain their functionality based on an effective cybersecurity system in the context of a global military conflict. The results of the study include a detailed profile of effective practical solutions to ensure the stability of financial institutions based on the implementation of blockchain technologies. The authors pay attention to the issue of modern software, hardware, and management solutions to improve the quality of cybersecurity in the context of growing cyberattacks and digital threats to the stability of financial institutions. The research findings may be helpful for further analytical studies on the effectiveness of cybersecurity and the stability of financial institutions."

The Role of Cybersecurity in Facing Technological Challenges in Tourism Companies in Baghdad

Tourism agencies are among the business organizations that use e-commerce. In light of the increasing risks of technological challenges and cyber threats, focusing on cyber security requirements has become essential. From this standpoint, the study aimed to define the concept of cyber security and its importance, identify its dimensions and requirements, and demonstrate the impact of cyber security in Addressing technological challenges in tourism agencies. The study relied on the descriptive analytical approach and used a questionnaire to collect study data from a random sample of workers in tourism agencies in Baghdad, numbering (110) individuals. The study found statistically significant differences between the opinions of the study sample about the role of cybersecurity in confronting technological challenges. Tourism agencies in the city of Baghdad, and the presence of a statistically significant effect of cybersecurity on facing technological challenges in tourism agencies in Baghdad. The study recommended the necessity of activating the role of the response team to cyber events in Iraq, establishing a special department for information security in tourism agencies, and qualifying tourism human resources to deal with cyber technological threats.

The Impact of Cybersecurity on the Quality of Financial Statements

The Impact of Cybersecurity on the Quality of Financial Statements

The Importance of Defining Cybersecurity from a Transdisciplinary Approach

This paper presents a transdisciplinary approach to define the field of cybersecurity. The main purpose of this study is to enhance the understanding of the impact of cybersecurity in different aspects of life, improving the interdisciplinary and multidisciplinary relation focusing on the impact of cybersecurity on other disciplines. The more specific purpose is to determine how cybersecurity professionals, including academics and researchers, can better approach cybersecurity as a transdisciplinary field to ensure data security and privacy. The paper focuses on how cybersecurity affects the different aspects of society, such as legal systems, online business and services, etc., on personal and organizational levels. Additionally, it focuses on how trans-disciplinarity involves academic researchers from different, unrelated academic disciplines as well as non-academic stakeholders or end-users to create new knowledge. Based on the extensive literature review on multidisciplinarity, interdisciplinarity, and transdisciplinarity research in cybersecurity, this study found that a transdisciplinary approach is needed to ensure cybersecurity in organizational and individual level. For that purpose, the academics, researchers, and practitioners from different disciplines must engage with their content extending beyond their traditional academic boundaries and reaching out to non-academic stakeholders or end-users of digital technology.

The Impact of Cybersecurity on Privacy and Data Protection in the United States

The Impact of Cybersecurity on Privacy and Data Protection in the United States

How cybersecurity influences fraud prevention: An empirical study on Jordanian commercial banks

In this digital age, fraudulent practices are among the most challenging that organizations must be aware of due to the increasing use of online transactions. This also applies to the banking sector whose business has become more complex with the recent developments in information and communication technology, which has changed the nature of bank fraud requiring advanced prevention measures. From this perspective, this paper aims to determine how cybersecurity affects fraud prevention for Jordanian commercial banks. A five-dimensional NIST cybersecurity framework was used. The research data was collected from 173 information technology managers in commercial banks listed on the Amman Stock Exchange. Structural equation modeling (SEM) was applied to investigate research hypotheses. The results of the research demonstrated the significant impact of cybersecurity in fraud prevention, especially detect function which had the largest impact among the dimensions of cybersecurity. Therefore, a set of recommendations were formulated for policymakers in Jordanian commercial banks, the most important of which is the adoption of multi-factor authentication (MFA) approaches for customer accounts, employee access, and biometric systems that add an additional layer of protection and make access to sensitive information to unauthorized individuals more difficult.

Assessment of the Impacts of Cyber Security on Student Information Management Systems

The pervasive use of technology in education has posed a security challenge that could jeopardise student data and educational institutions' reputations, necessitating a thorough investigation. This study explores the impact of cybersecurity on Ruaha Catholic University's Student Information Management System. The research mainly employed a quantitative approach, with data collected through questionnaires administered to a diverse sample of 374 individuals, encompassing students and staff. In addition, a qualitative method was used to acquire data on the organisation's readiness to prevent cybersecurity threats from key informants, including system administrators and top management personnel. The Statistical Package for the Social Sciences (SPSS) software analysed the quantitative data using descriptive analysis. The study's results underscore the pressing need to develop effective cybersecurity mechanisms in the education sector, specifically focusing on enhancing the security of Ruaha Catholic University's Student Information Management System. The study recommends formulating and implementing robust cybersecurity strategies to safeguard student information, fortify system resilience, and bolster the institution's overall cybersecurity posture.

A Review of the Impact of Cybersecurity in High-risk Medical Devices And In-vitro Medical Devices All Over The World

In modern healthcare systems, medical devices are playing a major role which involves personalized medical devices which improve the patient’s lifestyle as they can be remotely monitored and their data are transmissible. Due to these data transmissions, the number of connections to the existing computer networks is increased. Being interoperable and interconnected these personalized medical devices provide great benefits like improved sensing capabilities and actuating capabilities. But the problem with high connectivity computer networks is that it exposes medical device to high cybersecurity vulnerabilities. The main targets are the pacemakers and institutions like hospitals and clinics. Hackers can easily hack medical devices and change prescriptions. So a cybersecurity breach can leak a patient’s sensitive and confidential data and risk the patient’s life. To prevent these multifaceted problems from happening these problems must be viewed from a systematic perspective and requires governance, technical controls, regulation, and standards.

A Review of Cybersecurity as an Effective Tool for Fighting Identity Theft across United States

The study is focused on identity theft and cybersecurity in United States. Hence, the study is aimed at examining the impact of cybersecurity on identity theft in United States using a time series data which covers the period between 2001 and 2021. Trend analysis of complaints of identity theft and cybersecurity over the years was conducted; also, the nature of relationship between the two variables was established. Chi-Square analysis was used to examine the impact of cybersecurity on identity theft in United States. Line graphs were used to analyze the trend in the variable. Time series data was used in the study and the data was obtained from secondary sources; Statista.com, US Federal Trade Commission, Insurance Information Institute and Identitytheft.org. Result from the study revealed that consumers’ complaints on identity theft were on the increase every year. Total spending of the economy (both private and public sector) on cybersecurity was on continuous increase over the years. More than 100% of spending in 2010 was incurred in 2018. The Chi-Square analysis revealed that cybersecurity does not have significant impact on identity theft. The study recommended that the government increase the level of public awareness to ensure that members of the public protect their personal and other information to ensure that they are not compromised for fraud or identity theft. Organizations also need to invest more in the security system and develop policies that will support the security system. At the country level, international treaties and collaboration should be encouraged to prosecute the fraudsters hiding behind national borders.

Examination of the impact of cyber security on networks operations: A case of Vodafone Ghana

Computer network operations of organizations are always prone to cyber-attacks from different people, including misguided employees within the organization, due to the errors they make which lead to exploitation by cyber criminals. These people normally have destructive tendencies better known to themselves, as they would go to every extent to make sure that their nefarious intentions are achieved. It therefore, behooves on network operation technologists to innovate concrete and tested security measures to secure organizations’ network systems against hackers. The destruction could impact the activities of the organization to come to complete halt, as important information, a resource of the enterprise, may be damaged, stolen or lost. Some of these hackers may then turn around and demand huge sums of money from the organization before the stolen information may be released; likely the restored software may be tainted and therefore, different from the original state. Consequently, management of organizations should make adequate security preparations to forestall these destructive propensities of hackers. Vodafone Ghana therefore, should reinforce its security system to make sure the firewall and password systems, and access to its servers from the outside world are not compromised.

Investigating the Impact of Cyber-Security on Sustainable Peace in Niger Delta Region of Nigeria Empirical Evidence

Investigating the Impact of Cyber-Security on Sustainable Peace in Niger Delta Region of Nigeria Empirical Evidence

Emerging Cybersecurity and Privacy Threats to Electric Vehicles and Their Impact on Human and Environmental Sustainability

With the global energy crisis, increasing demand, and a national-level emphasis on electric vehicles (EVs), numerous innovations are being witnessed throughout the EV industry. EVs are equipped with sensors that maintain a sustainable environment for the betterment of society and enhance human sustainability. However, at the same time, as is the case for any new digital technology, they are susceptible to threats to security and privacy. Recent incidents demonstrate that these sensors have been misused for car and energy theft, financial fraud, data compromise, and have caused severe health and safety problems, amongst other things. To the best of our knowledge, this paper provides a first systematic analysis of EV sustainability, digital technologies that enhance sustainability, their potential cybersecurity threats, and corresponding defense. Firstly, three robust taxonomies have been presented to identify the dangers that can affect long-term sustainability domains, including (1) life and well-being, (2) safe environment, and (3) innovation and development. Second, this research measures the impact of cybersecurity threats on EVs and correspondingly to their sustainability goals. Third, it details the extent to which specific security controls can mitigate these threats, thereby allowing for a smooth transition toward secure and sustainable future smart cities.

The Impact of Cyber Security on Preventing and Mitigating Electronic Crimes in the Jordanian Banking Sector

The Impact of Cyber Security on Preventing and Mitigating Electronic Crimes in the Jordanian Banking Sector