A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19
The COVID-19 pandemic significantly impacts every aspect of our life, including how we connect with others in our professional and personal lives and how we structure our work in general. Quarantines and the deployment of social isolation measures caused an astronomical rise in cybersecurity offence...
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| Format: | Article |
| Language: | English |
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Zibeline International
2023-01-01
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| Series: | Acta Informatica Malaysia |
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| Online Access: | https://actainformaticamalaysia.com/archives/AIM/1aim2023/1aim2023-19-23.pdf |
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| _version_ | 1850106354668142592 |
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| author | Abthal Abdajabar Nur Arzilawati Md Yunus |
| author_facet | Abthal Abdajabar Nur Arzilawati Md Yunus |
| author_sort | Abthal Abdajabar |
| collection | DOAJ |
| description | The COVID-19 pandemic significantly impacts every aspect of our life, including how we connect with others in our professional and personal lives and how we structure our work in general. Quarantines and the deployment of social isolation measures caused an astronomical rise in cybersecurity offences in this region. As a result, using the risky Internet network to run every aspect of daily life necessitates complete and direct reliance on it, which increases the risk of cyberattacks, which increased in the financial sector during COVID-19. This paper analysed the cyber security crimes during the pandemic of COVID-19, highliting the different types of cybercrime that occurred worldwide. The mechanism of cybersecurity crimes campaigns was demonstrated by analysing and evaluating cyberattacks in the framework of worldwide events. The systematic review methodology was used in this paper to summarise, compare, and critically analyse the findings of about 60 researchers, articles, and numerous reports from government organisations, security companies, as well as the academic journals that looked into cybercrimes during COVID-19 or suggested solutions to combat them. The influence of the COVID pandemic on cybersecurity is also discussed in this study, with an emphasis on the financial sector and how cybercrimes increased compared to the period prior to the pandemic to a stage where four to five separate cyberattacks on particular days were reported. |
| format | Article |
| id | doaj-art-d7e14956a20d4729aed782756232a00a |
| institution | OA Journals |
| issn | 2521-0874 2521-0505 |
| language | English |
| publishDate | 2023-01-01 |
| publisher | Zibeline International |
| record_format | Article |
| series | Acta Informatica Malaysia |
| spelling | doaj-art-d7e14956a20d4729aed782756232a00a2025-08-20T02:38:51ZengZibeline InternationalActa Informatica Malaysia2521-08742521-05052023-01-0171192310.26480/aim.01.2023.19.23A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19Abthal Abdajabar0Nur Arzilawati Md Yunus1Faculty of Business and Technology, University of Cyberjaya, 63000 Cyberjaya, Selangor, Malaysia.Faculty of Business and Technology, University of Cyberjaya, 63000 Cyberjaya, Selangor, Malaysia.The COVID-19 pandemic significantly impacts every aspect of our life, including how we connect with others in our professional and personal lives and how we structure our work in general. Quarantines and the deployment of social isolation measures caused an astronomical rise in cybersecurity offences in this region. As a result, using the risky Internet network to run every aspect of daily life necessitates complete and direct reliance on it, which increases the risk of cyberattacks, which increased in the financial sector during COVID-19. This paper analysed the cyber security crimes during the pandemic of COVID-19, highliting the different types of cybercrime that occurred worldwide. The mechanism of cybersecurity crimes campaigns was demonstrated by analysing and evaluating cyberattacks in the framework of worldwide events. The systematic review methodology was used in this paper to summarise, compare, and critically analyse the findings of about 60 researchers, articles, and numerous reports from government organisations, security companies, as well as the academic journals that looked into cybercrimes during COVID-19 or suggested solutions to combat them. The influence of the COVID pandemic on cybersecurity is also discussed in this study, with an emphasis on the financial sector and how cybercrimes increased compared to the period prior to the pandemic to a stage where four to five separate cyberattacks on particular days were reported.https://actainformaticamalaysia.com/archives/AIM/1aim2023/1aim2023-19-23.pdfcovid-19cybersecurityfinancial institutionscyberattacks |
| spellingShingle | Abthal Abdajabar Nur Arzilawati Md Yunus A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19 Acta Informatica Malaysia covid-19 cybersecurity financial institutions cyberattacks |
| title | A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19 |
| title_full | A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19 |
| title_fullStr | A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19 |
| title_full_unstemmed | A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19 |
| title_short | A REVIEW ON THE IMPACT OF CYBERSECURITY CRIMES IN FINANCIAL INSTITUTIONS DURING THE TIME OF COVID-19 |
| title_sort | review on the impact of cybersecurity crimes in financial institutions during the time of covid 19 |
| topic | covid-19 cybersecurity financial institutions cyberattacks |
| url | https://actainformaticamalaysia.com/archives/AIM/1aim2023/1aim2023-19-23.pdf |
| work_keys_str_mv | AT abthalabdajabar areviewontheimpactofcybersecuritycrimesinfinancialinstitutionsduringthetimeofcovid19 AT nurarzilawatimdyunus areviewontheimpactofcybersecuritycrimesinfinancialinstitutionsduringthetimeofcovid19 AT abthalabdajabar reviewontheimpactofcybersecuritycrimesinfinancialinstitutionsduringthetimeofcovid19 AT nurarzilawatimdyunus reviewontheimpactofcybersecuritycrimesinfinancialinstitutionsduringthetimeofcovid19 |