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VOL. 11, ISSUE 1 (2026)
A systematic review of cybersecurity threats in the banking sector
Authors
Tanzilla Shahid
Abstract
The rapid digital transformation of the banking sector has
significantly enhanced financial accessibility, operational efficiency, and
customer convenience worldwide. However, this transformation has simultaneously
expanded the cybersecurity threat landscape, exposing banking institutions to
sophisticated and evolving cyber risks. Cyber attacks on banking systems have
emerged as a major challenge, affecting financial stability, customer trust,
and national economic security. This research paper presents a systematic
review of cybersecurity threats in the banking sector, with a focus on
identifying key threat categories, attack vectors, and governance challenges.
The study systematically analyzes existing literature, policy documents,
cybersecurity reports, and academic research to classify major cyber threats
such as phishing, malware, ransomware, insider threats, identity theft, distributed
denial-of-service (DDoS) attacks, and advanced persistent threats (APTs). The
review highlights the increasing role of human behavior, ethical erosion, and
governance gaps in amplifying cybersecurity risks. The paper further emphasizes
the need for integrated cybersecurity strategies combining technological
safeguards, ethical governance, regulatory frameworks, and awareness
initiatives. The findings of this study contribute to a comprehensive
understanding of cybersecurity challenges in the banking sector and provide
valuable insights for policymakers, financial institutions, and researchers.
The paper concludes by emphasizing the importance of proactive cybersecurity
governance and continuous risk assessment to ensure the resilience and
sustainability of digital banking systems.
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Pages:22-24
How to cite this article:
Tanzilla Shahid "A systematic review of cybersecurity threats in the banking sector". International Journal of Advanced Science and Research, Vol 11, Issue 1, 2026, Pages 22-24
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