{"title":"The Assessment of Cyber Security's Significance in the Financial Sector of Lithuania","authors":"Julija Gavėnaitė-Sirvydienė, Algita Miečinskienė","doi":"10.13052/jcsm2245-1439.1243","DOIUrl":null,"url":null,"abstract":"Constantly evolving high technologies provide new approaches to business development and deliver unknown business risks. Online financial services and operations are integral to everyday life, making cyber risk one of the most relevant risks for the financial sector’s companies. As the survey conducted by the National Bank of Lithuania at the end of 2018 showed, the possibility of cyber threats and presumable effects on the financial system in Lithuania is one of the critical problems that should be prioritized. Therefore, it is essential to clarify what potential cyber threats in financial sector companies are considered the most significant and likely to occur. As well as identify how companies in the financial sector estimate their dispositions and preparedness for this cyber risk management and control. The findings of this research are significant for financial institutions as a tool to adopt their cyber risk management processes, increase preparedness and cyber security, and identify the possible threats to the organization.","PeriodicalId":37820,"journal":{"name":"Journal of Cyber Security and Mobility","volume":"34 1","pages":"497-518"},"PeriodicalIF":0.0000,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Cyber Security and Mobility","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.13052/jcsm2245-1439.1243","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Computer Science","Score":null,"Total":0}
引用次数: 0
Abstract
Constantly evolving high technologies provide new approaches to business development and deliver unknown business risks. Online financial services and operations are integral to everyday life, making cyber risk one of the most relevant risks for the financial sector’s companies. As the survey conducted by the National Bank of Lithuania at the end of 2018 showed, the possibility of cyber threats and presumable effects on the financial system in Lithuania is one of the critical problems that should be prioritized. Therefore, it is essential to clarify what potential cyber threats in financial sector companies are considered the most significant and likely to occur. As well as identify how companies in the financial sector estimate their dispositions and preparedness for this cyber risk management and control. The findings of this research are significant for financial institutions as a tool to adopt their cyber risk management processes, increase preparedness and cyber security, and identify the possible threats to the organization.
期刊介绍:
Journal of Cyber Security and Mobility is an international, open-access, peer reviewed journal publishing original research, review/survey, and tutorial papers on all cyber security fields including information, computer & network security, cryptography, digital forensics etc. but also interdisciplinary articles that cover privacy, ethical, legal, economical aspects of cyber security or emerging solutions drawn from other branches of science, for example, nature-inspired. The journal aims at becoming an international source of innovation and an essential reading for IT security professionals around the world by providing an in-depth and holistic view on all security spectrum and solutions ranging from practical to theoretical. Its goal is to bring together researchers and practitioners dealing with the diverse fields of cybersecurity and to cover topics that are equally valuable for professionals as well as for those new in the field from all sectors industry, commerce and academia. This journal covers diverse security issues in cyber space and solutions thereof. As cyber space has moved towards the wireless/mobile world, issues in wireless/mobile communications and those involving mobility aspects will also be published.