Security Measures of Protection for Banking Systems

Abstract

its common Security breaches and other threats can harm a bank’s brand and bottom line. Therefore, banks and other financial institutions must implement sufficient security controls and Information security governance frameworks (ISGF) to guarantee that only authorized individuals can access sensitive data. This study analyzes the risks associated with the banking industry's reliance on information security systems. There is a proposal for a framework to control information security (ISGF). The International Organization for Standardization (ISO) 27002 is one example of a widely adopted framework for controlling data privacy and integrity. Many information security frameworks, including ISSA, FFIEC, PCI-DSS, COBIT, and others, have explained in detail. Each of the three tiers of the information security governance framework (ISG)—strategic, tactical, and technical—are subdivided into sublevels table In this, All detailed descriptions of each part of the proposed ISG is mentioned in the table. This structure is going to be use by the banking industry. In addition to the different types of ISG, all types of breaches that threats the security of the financial institutes are explained in brief form. This document details the roles and responsibilities of each ISG member and how they contribute to the overall effectiveness of the ISGF. All possible invasions have avoided with the help of the suggested measures. Gaining strong Information security governance framework was one of the recommendations provided in this study for improving the actual banking system's environment and handling the security problems.