Active cyber defence strategies and techniques for banks and financial institutions
ISSN: 1359-0790
Article publication date: 5 May 2020
Issue publication date: 25 October 2020
Abstract
Purpose
With the growing penetration of financial technology, financial firms and banking institutions have seen a rise in the volume of cyber-attacks in recent years. Cyber criminals are using more sophisticated techniques to beat traditional passive defences. The purpose of this paper is to explore, analyse and recommend various active cyber defence strategies and techniques that can be implemented by organizations in financial sector to secure and safeguard their assets and cyber space.
Design/methodology/approach
This paper adopts a secondary research approach on the various techniques that can be used effectively to adopt active cyber defence strategy.
Findings
Based on the existing strategies and techniques available and those being currently developed, this paper proposes a holistic approach that can be adopted by banks and financial institutions to secure their cyber space. This involves a combination of active and passive cyber defence techniques and effective threat intelligence.
Originality/value
The following paper has been checked for plagiarism and is within the acceptable standards for publishing in this journal. Appropriate references have been duly cited, and the formulation of the final recommendation is the original work of the authors.
Keywords
Citation
Creado, Y. and Ramteke, V. (2020), "Active cyber defence strategies and techniques for banks and financial institutions", Journal of Financial Crime, Vol. 27 No. 3, pp. 771-780. https://doi.org/10.1108/JFC-01-2020-0008
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited