Best Practices for Financial Institutions to Address Cybersecurity Threats

Authors

Amy Kay, University of North AlabamaFollow
Christian Hutcherson, University of North AlabamaFollow
Calen Keene, University of North AlabamaFollow
Xihui Zhang, University of North AlabamaFollow

Abstract

The financial industry has been a frequent and heavy target of cyberattacks. This trend is likely to continue, and the cybersecurity threat remains high in the financial sector. Through a critical analysis of current risks, potential business strategies, and software and hardware strategies, a set of best practices (see Table 1) is presented that will help prevent and mitigate cyberattacks for financial institutions. These guidelines should be used as a practical application for financial organizations and can also serve as a basis for future research.

Recommended Citation

Kay, Amy; Hutcherson, Christian; Keene, Calen; and Zhang, Xihui, "Best Practices for Financial Institutions to Address Cybersecurity Threats" (2020). AMCIS 2020 TREOs. 47.
https://aisel.aisnet.org/treos_amcis2020/47