Cybersecurity in Banking

Technology plays a pivotal role in today's financial landscape. Ensuring cybersecurity and safety in the banking sector has become paramount. The pervasive integration of technology in banking operations has brought unprecedented convenience but also heightened the vulnerability of financial institutions to cyber threats. High-profile breaches and the potential consequences of compromised financial data have underscored the urgency of comprehensively addressing cyber security and safety in banking.

Cybersecurity in banking faces unique challenges due to the complex nature of financial transactions and the attractiveness of banks as prime targets for cybercriminals. The challenges include the constant evolution of cyber threats, insider threats, and the need to balance security measures with customer convenience. Educating customers about cyber threats and safe online practices is a critical component of cyber security in banking. Banks must actively engage in awareness campaigns, providing customers with information on identifying phishing attempts, secure online banking practices, and the importance of regularly updating passwords.

This book aims to dissect the multifaceted challenges posed by cyber threats in today's dynamic banking landscape and propose novel fintech approaches to fortify the security fabric of the banking sector. The ultimate aim is to raise awareness about the challenges, promote proactive measures, and contribute to the safeguarding and integrity of the financial sector. Researchers, engineers and scientists in academia and industry working in the fields of cybersecurity and fintech, and in related areas of computing, data science, artificial intelligence, mobile and wireless computing and networking, will find this book to be a useful source of information on developments in its field.

Shriram K. Vasudevan is a distinguished technology leader and educator with over 18 years of experience spanning industry and academia. He currently serves as Senior Manager - Industrial AI at Accenture, driving innovation at the intersection of AI, data, and digital transformation. Previously, Dr. Shriram was a Technology Leader at Intel Corporation, where he led initiatives in AI, Generative AI, and Embedded Systems, shaping developer ecosystems and advancing applied research across the Asia Pacific and Japan Region. Holding a Doctorate in Embedded Systems, his expertise and passion for innovation are evident in his prolific contributions - 54 authored books published by Taylor & Francis, Wiley, and Oxford University Press, 14 granted patents, and over 150 research publications.

Sini Raj Pulari is a professor and tutor in the Faculty of EDICT (School of Creative Media) at Bahrain Polytechnic in the Kingdom of Bahrain. She has 16 years of computer science engineering research and professional experience at reputed Indian universities and in industry. She is an active member of the board of curriculum development for various universities and has also developed and guided around 40+ UG and PG projects. Her research interests include cybercrime analysis, cybersecurity, banking fraud detection, information retrieval, deep learning and machine learning, natural language processing, and recommender systems. She has authored 20+ Scopus-indexed publications and co-authored "Deep Learning: A Comprehensive Guide." She has delivered 40+ invited lectures on the applications, research advances, and emerging trends of disruptive technologies. She holds a master's degree in computer science engineering from Anna University, India.

T.S. Murugesh is an associate professor in the Department of Electronics and Communication Engineering at Government College of Engineering Srirangam, Tamil Nadu, India. He has 26 years of academic and industry experience, including 19+ years at Annamalai University. He has earned numerous certifications, including Intel oneAPI Innovator, Digital Productivity and AI Fluency, Innovation Mentor - StartupTN, (AICTE-NITTTR) Mentor - National Initiative for Technical Teachers Training, and Microsoft Educator Academy Professional. He has delivered 4 invited lectures at the international level and over 50 at the national level, including NIT Trichy, SASTRA University, etc. He is a reviewer for IEEE, Taylor and Francis, Inderscience, and Springer Nature.

Subashri Vasudevan is an Assistant Vice President at Bank of America with over a decade of experience in data engineering, ETL development, and financial technology solutions. She specializes in Azure Data Factory, Synapse Analytics, SSIS, SQL Server, and enterprise data warehousing, leading offshore development initiatives and driving efficiency improvements in banking systems. A patent holder and hackathon winner, Subashri has co-authored 20+ technical books across international publishers and is recognized as a Microsoft Community Champion, Google Women Techmaker, and Intel Software Innovator. She is passionate about technology enablement, knowledge sharing, and building scalable, secure data platforms in the banking domain.