<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>In recent years an increasing trend has been observed with regard to the number of cyber-attacks in the banking industry, which demonstrates the importance of information security in this sector. The goal of the present case study is to gain a better understanding of information security within critical infrastructure protection by discussing the challenges and practices of the Hungarian financial sector. First, the sector’s essential services are identified. Then, the most current sector-specific cyber threats are described, based on data collected from the relevant literature and public authority reports. The final part presents a reasonably comprehensive overview of the key points of information security and best practices based on regulations, recommendations and standards.</p>
</abstract>

In recent years an increasing trend has been observed with regard to the number of cyber-attacks in the banking industry, which demonstrates the importance of information security in this sector. The goal of the present case study is to gain a better understanding of information security within critical infrastructure protection by discussing the challenges and practices of the Hungarian financial sector. First, the sector’s essential services are identified. Then, the most current sector-specific cyber threats are described, based on data collected from the relevant literature and public authority reports. The final part presents a reasonably comprehensive overview of the key points of information security and best practices based on regulations, recommendations and standards.

Cyber Threats and Security Challenges in the Hungarian Financial Sector

CONTEMPORARY MILITARY CHALLENGES

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Cyber Threats and Security Challenges in the Hungarian Financial Sector"}

In recent years an increasing trend has been observed with regard to the number of cyber-attacks in the banking industry, which demonstrates the importance of...

Cyber Threats and Security Challenges in the Hungarian Financial Sector

Published Online: Feb 15, 2023

Page range: 15 - 29

DOI: https://doi.org/10.33179/bsv.99.svi.11.cmc.24.3.1

Keywords
Information security, cyber threat, cyber security, cyber resilience, financial sector, bank, Hungary

© 2022 Tamas Somogyi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Cyber Threats and Security Challenges in the Hungarian Financial Sector

Published Online: Feb 15, 2023

Page range: 15 - 29

DOI: https://doi.org/10.33179/bsv.99.svi.11.cmc.24.3.1

KeywordsInformation security, cyber threat, cyber security, cyber resilience, financial sector, bank, Hungary

© 2022 Tamas Somogyi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Information security, cyber threat, cyber security, cyber resilience, financial sector, bank, Hungary