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Author(s):
Dr. Atul Bamrara Gajendra Singh Mamta Bhatt
Journal
Elsevier BV
Abstract

The present study is an attempt to reveal the varied cyber attack strategies adopted by cyber criminals to target the selected banks in India where spoofing, brute force attack, buffer overflow and cross side scripting are found positively correlated with public and private sector banks. Further, the findings show a positive correlation between Intruder Detection and cyber attacks, i.e., online identify theft, hacking, malicious code, DOS attack and credit card/ATM frauds as well as online identify theft, DOS attack & credit card/ ATM fraud are found positively correlated with System Monitoring.

Concluding remarks
Information security policies play a crucial role in strengthening the security and well-being of information resources, serving as the foundation of information security within an organization. According to a survey, 66% of bank executives agreed that data granularity is sufficient for appropriate authorized access. Access to the network and servers is controlled by unique logins requiring authentication methods such as passwords, smartcards, and biometrics, which 92% of executives supported. Additionally, 74% of executives confirmed that monitoring is implemented across all systems, including logging attempts and failures, successful logins, and the date and time of logins and logoffs. Furthermore, 90% of executives agreed that internet connections travel through secure points to protect the network, and 86% confirmed the installation of approved, licensed antivirus software with regular updates. While these statistics suggest that banks have adopted strong security measures in terms of software and hardware, a closer examination of the survey data reveals that specific areas still require additional focus.

Reference details

DOI
10.2139/ssrn.2488413
Resource type
Journal Article
Year of Publication
2013
ISSN Number
1556-5068
Publication Area
Civilian cybersecurity
Date Published
2013

How to cite this reference:

Bamrara, D. A., Singh, G., & Bhatt, M. (2013). Cyber Attacks and Defense Strategies in India: An Empirical Assessment of Banking Sector. Elsevier BV. https://doi.org/10.2139/ssrn.2488413 (Original work published 2013)