POLICIES AND STRATEGIES AIMED AT ENSURING THE SECURITY OF BANKING INSTITUTIONS AND THEIR IT SYSTEMS

Abstract

With the development of the banking system, its security and, implicitly,
security polic ies emerged as cr itical factors in the entire banking s ector . In the context of the
current technological development, the vulnerability of banking institutions has increased
dramatically . For both bank employee s and customer s , cybersecurity, operational security
and data privacy have become top priorities. Th erefore , a central concern for banks is the
prompt detection of threats and the development of measures aimed at
eliminat ing such dangers , which might both considerably increas e the level of security in the
banking sector.