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Running Head: CYBER SECURITY
Cyber security has become one of most discussed issues especially in the banking sector.
Most organizations in the industry currently rely on technology to dispense their services to their
consumers. However, this faces a lot of challenges from malicious individuals and organizations
who intend to access data and use it for their own malicious purposes. Cybersecurity has become
a challenge to many organizations despite there being many approaches that can be used in
ensuring that cyber security is enhanced. As bankers come up with new methods, hackers also
come up with their own approaches which devastate the bankers by compromising their systems.
Most banks who have lost their data have claimed that they had used the best available
approaches at hand.
As such, research in the areas has become very necessary to understand the issue of cyber
security in the banking industry, how it can be solved and some approaches that organizations
can adopt to protect their organizations. This research starts by finding the best definitions of
cyber security which is very critical. Understanding what cyber security means can help in
understanding the vast issue better to the point of coming up with favorable solutions. The
research will also analyze the extent of the issue based on available information discussing about
banks that have lost data or money to cyber-attacks. To achieve this, the research will use
secondary data findings. It will analyze other researches that have been done in the area by other
authors and provide their findings. Also, data from current events presented in newspapers or
other mediums will also be used to better provide the scope of the issue and what approaches
banks need to adopt to combat the problem.
Secondary Findings Data
In a world where the society has become dependent on...