Integrating machine learning for sustaining cybersecurity in digital banks

被引:2
|
作者
Asmar, Muath [1 ]
Tuqan, Alia [2 ]
机构
[1] Najah Natl Univ, Fac Business & Commun, Dept Finance, Nablus, Palestine
[2] Najah Natl Univ, Fac Grad Studies, Master Business Adm, Nablus, Palestine
关键词
Cybersecurity; Digital banking; Machine learning; Fraud detection; Security measures; Phishing attacks; ANOMALY DETECTION; NEURAL-NETWORK; SECURITY; MALWARE; THREATS; SYSTEM; CHALLENGES; REPUTATION; MODEL;
D O I
10.1016/j.heliyon.2024.e37571
中图分类号
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号
07 ; 0710 ; 09 ;
摘要
Cybersecurity continues to be an important concern for financial institutions given the technology's rapid development and increasing adoption of digital services. Effective safety measures must be adopted to safeguard sensitive financial data and protect clients from potential harm due to the rise in cyber threats that target digital organizations. The aim of this study is to investigates how machine learning algorithms are integrated into cyber security measures in the context of digital banking and its benefits and drawbacks. We initially provide a general overview of digital banks and the particular security concerns that differentiate them from conventional banks. Then, we explore the value of machine learning in strengthening cybersecurity defenses. We revealed that insider threats, distributed denial of service (DDoS) assaults, ransomware, phishing attacks, and social engineering are main cyberthreats that are digital banks exposed. We identify the appropriate machine learning algorithms such as support vector machines (SVM), recurrent neural networks (RNN), hidden markov models (HMM), and local outlier factor (LOF) that are used for detection and prevention cyberthreats. In addition, we provide a model that considers ethical concerns while constructing a cybersecurity framework to address potential vulnerabilities in digital banking systems. The advantages and disadvantages of incorporating machine learning into the cybersecurity strategy of digital banks are outlined using strengths, weaknesses, opportunities, threats (SWOT) analysis. This study seeks to provide a thorough knowledge of how machine learning may strengthen cybersecurity procedures, protect digital banks, and maintain customer trust in the ecosystem of digital banking.
引用
收藏
页数:18
相关论文
共 50 条
  • [41] The Significance of Machine Learning and Deep Learning Techniques in Cybersecurity: A Comprehensive Review
    Mijwil M.M.
    Salem I.E.
    Ismaeel M.M.
    Iraqi Journal for Computer Science and Mathematics, 2023, 4 (01): : 87 - 101
  • [42] Authentic Learning of Machine Learning in Cybersecurity with Portable Hands-on Labware
    Lo, Dan Chia-Tien
    Shahriar, Hossain
    Qian, Kai
    Whitman, Michael
    Wu, Fan
    Thomas, Cassandra
    PROCEEDINGS OF THE 53RD ACM TECHNICAL SYMPOSIUM ON COMPUTER SCIENCE EDUCATION (SIGCSE 2022), VOL 2, 2022, : 1153 - 1153
  • [43] Digital mapping of coastal landscapes integrating ocean-environment relationships and machine learning
    Wang, Kui
    EARTH SCIENCE INFORMATICS, 2024, 17 (05) : 4639 - 4653
  • [44] Sustaining distance training: Integrating learning technologies into the fabric of the enterprise
    Berge, Z.L.
    2000, Elsevier Science Inc. (03):
  • [45] Sustaining distance training:: Integrating learning technologies into the fabric of the enterprise
    Cótê, Y
    TRAINING & DEVELOPMENT, 2001, 55 (05): : 126 - 128
  • [46] A Machine Learning Approach for Banks Classification and Forecast
    Fontalvo Herrera, Tomas J.
    De La Hoz Dominguez, Enrique
    EDUCATION EXCELLENCE AND INNOVATION MANAGEMENT THROUGH VISION 2020, 2019, : 1149 - 1159
  • [47] Integrating Iterative Machine Teaching and Active Learning into the Machine Learning Loop
    Mosqueira-Rey, Eduardo
    Alonso-Rios, David
    Baamonde-Lozano, Andres
    KNOWLEDGE-BASED AND INTELLIGENT INFORMATION & ENGINEERING SYSTEMS (KSE 2021), 2021, 192 : 553 - 562
  • [48] Drone Forensics and Machine Learning: Sustaining the Investigation Process
    Baig, Zubair
    Khan, Majid Ali
    Mohammad, Nazeeruddin
    Ben Brahim, Ghassen
    SUSTAINABILITY, 2022, 14 (08)
  • [49] Integrating machine learning in intelligent bioinformatics
    Hamdi-Cherif, Aboubekeur
    WSEAS Transactions on Computers, 2010, 9 (04): : 406 - 417
  • [50] Integrating Machine Learning with Human Knowledge
    Deng, Changyu
    Ji, Xunbi
    Rainey, Colton
    Zhang, Jianyu
    Lu, Wei
    ISCIENCE, 2020, 23 (11)