CYBER THREATS IN THE BANKING SECTOR AND WAYS TO REDUCE THEM IN THE RUSSIAN FEDERATION

Author(s): Laktyushina O.V., Gorbacheva T.A.

Rubric: Economy

DOI: 10.21777/2587-554X-2025-1-27-40

Release: 2025-1 (52)

Pages: 27-40

Keywords: cybersecurity, cyber fraud, banking, electronic payments, digital currency, payment cards, internet banking, cyber threat, mobile banking, digital space

Annotation: The relevance of the topic of this study is due to the fact that the digital transformation of the banking business has allowed customers around the world to reach a new level of accessibility and convenience, but this change has been followed by a number of new threats in the field of cybersecurity. Financial institutions must be prepared for the threats posed by intruders, who are constantly developing new strategies to take advantage of the short- comings of banking systems. The purpose of the work is to study potential cyber threats existing in the banking sector in order to develop methods for their identification and counteraction. The article shows the difference in the concepts of cyber threat, cyber-attack, and cyber representation. The types of cyber risks in the banking sector have been studied. Significant examples of cyber-attacks on Russian banks are analyzed. Based on the conducted research, the directions of minimizing cyber threats in the Russian banking sector are presented. It is noted in the article that despite the constant emergence of new and improved old methods of cyber-attacks, knowledge of the types of threats can significantly reduce their implementation with the right security controls, which gives organizations a higher level of cyber resilience.

Bibliography: Laktyushina O.V., Gorbacheva T.A. CYBER THREATS IN THE BANKING SECTOR AND WAYS TO REDUCE THEM IN THE RUSSIAN FEDERATION // Economics and Management. – 2025. – № 1 (52). – С. 27-40. doi: 10.21777/2587-554X-2025-1-27-40