CYBER SECURITY IN THE BANKING SECTOR: CHALLENGES, INNOVATIONS, AND REGULATORY APPROACHES

Abstract

In an era defined by digital transformation, the banking sector has become increasingly dependent on technology to deliver secure, efficient, and customer-centric financial services. However, this technological advancement has simultaneously exposed banks to a growing range of cybersecurity threats, including data breaches, ransomware, phishing, and insider attacks. The study titled “Cyber Security in the Banking Sector: Challenges, Innovations, and Regulatory Approaches” aims to analyze the evolving cybersecurity landscape within the banking industry, highlighting the risks, technological responses, and regulatory frameworks that shape modern financial security.