METHODS AND ALGORITHMS OF PROTECTION AGAINST INFORMATION ATTACKS IN DIGITAL TRANSFORMATION
Keywords:
digital transformation; cybersecurity; information technologyAbstract
This systematic literature review explores the digital transformation (DT) and cybersecurity implications for achieving business resilience. DT involves transitioning organizational processes to IT solutions, which can result in significant changes across various aspects of an organization. However, emerging technologies such as artificial intelligence, big data and analytics, blockchain, and cloud computing drive digital transformation worldwide while increasing cybersecurity risks for businesses undergoing this process. This literature survey article highlights the importance of comprehensive knowledge of cybersecurity threats during DT implementation to prevent interruptions due to malicious activities or unauthorized access by attackers aiming at sensitive information alteration, destruction, or extortion from users. Cybersecurity is essential to DT as it protects digital assets from cyber threats. We conducted a systematic literature review using the PRISMA methodology in this research. Our literature review found that DT has increased efficiency and productivity but poses new challenges related to cybersecurity risks, such as data breaches and cyber-attacks. We conclude by discussing future vulnerabilities associated with DT implementation and provide recommendations on how organizations can mitigate these risks through effective cybersecurity measures. The paper recommends a staged cybersecurity readiness framework for business organizations to be prepared to pursue digital transformation.
References
Hai, T.N.; Van, Q.N.; Thi Tuyet, M.N. Digital transformation: Opportunities and challenges for leaders in the emerging countries in response to COVID-19 pandemic. Emerg. Sci. J. 2021, 5, 21–36. [CrossRef]
Möller, D. Cybersecurity in Digital Transformation: Scope and Applications; Springer: Berlin/Heidelberg, Germany, 2020.
Matt, C.; Hess, T.; Benlian, A. Digital transformation strategies. Bus. Inf. Syst. Eng. 2015, 57, 339–343. [CrossRef]
Saeed, S. Digital Workplaces and Information Security Behavior of Business Employees: An Empirical Study of Saudi Arabia. Sustainability 2023, 15, 6019. [CrossRef]
Saeed, S. A Customer-Centric View of E-Commerce Security and Privacy. Appl. Sci. 2023, 13, 1020. [CrossRef]
Sharif, M.H.U.; Mohammed, M.A. A literature review of financial losses statistics for cyber security and future trend. World J. Adv. Res. Rev. 2022, 15, 138–156. [CrossRef]
Haislip, J.; Kolev, K.; Pinsker, R.; Steffen, T. The economic cost of cybersecurity breaches: A broad-based analysis. In Proceedings of the Workshop on the Economics of Information Security (WEIS), Boston, MA, USA, 3–4 June 2019; Volume 1, p. 37.
Garg, V. Covenants without the Sword: Market Incentives for Cybersecurity Investment. In Proceedings of the TPRC49: The 49th Research Conference on Communication, Information and Internet Policy, Virtual, 22–24 September 2021.
Lee, I. Cybersecurity: Risk management framework and investment cost analysis. Bus. Horiz. 2021, 64, 659–671. [CrossRef]
Gordon, L.A.; Loeb, M.P.; Zhou, L. Integrating cost–benefit analysis into the NIST Cybersecurity Framework via the Gordon–Loeb Model. J. Cybersecur. 2020, 6, tyaa005. [CrossRef]
Krutilla, K.; Alexeev, A.; Jardine, E.; Good, D. The benefits and costs of cybersecurity risk reduction: A dynamic extension of the Gordon and Loeb model. Risk Anal. 2021, 41, 1795–1808. [CrossRef]
Simon, J.; Omar, A. Cybersecurity investments in the supply chain: Coordination and a strategic attacker. Eur. J. Oper. Res. 2020, 282, 161–171. [CrossRef]
Uddin, M.H.; Ali, M.H.; Hassan, M.K. Cybersecurity hazards and financial system vulnerability: A synthesis of literature. Risk Manag. 2020, 22, 239–309. [CrossRef]
Curti, F.; Ivanov, I.; Macchiavelli, M.; Zimmermann, T. City Hall Has Been Hacked! The Financial Costs of Lax Cybersecurity. The Financial Costs of Lax Cybersecurity. Available online:https://ssrn.com/abstract=4465071(accessed on 15 June 2023).
Page, M.J.; McKenzie, J.E.; Bossuyt, P.M.; Boutron, I.; Hoffmann, T.C.; Mulrow, C.D.; Shamseer, L.; Tetzlaff, J.M.; Akl, E.A.; Brennan, S.E.; et al. The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. BMJ 2021, 372, n71. [CrossRef] [PubMed]
Al-Alawi, A.I.; Al-Bassam MS, A. The significance of cybersecurity system in helping managing risk in banking and financial sector. J. Xidian Univ. 2020, 14, 1523–1536.
Hasan, M.F.; Al-Ramadan, N.S. Cyber-attacks and Cyber Security Readiness: Iraqi Private Banks Case. Soc. Sci. Humanit. J. 2021, 5, 2312–2323.
Joveda, N.; Khan, M.T.; Pathak, A.; Chattogram, B. Cyber laundering: A threat to banking industries in Bangladesh: In quest of effective legal framework and cyber security of financial information. Int. J. Econ. Financ. 2019, 11, 54–65. [CrossRef]
Almudaires, F.; Almaiah, M. Data an overview of cybersecurity threats on credit card companies and credit card risk mitigation. In Proceedings of the 2021 International Conference on Information Technology (ICIT), Amman, Jordan, 14–15 July 2021; pp. 732–738.
Smith, K.J.; Dhillon, G. Assessing blockchain potential for improving the cybersecurity of financial transactions. Manag. Financ. 2020, 46, 833–848. [CrossRef]
Kuzmenko, O.; Kubálek, J.; Bozhenko, V.; Kushneryov, O.; Vida, I. An approach to managing innovation to protect financial sector against cybercrime. Pol. J. Manag. Stud. 2021, 24, 276–291. [CrossRef]
Rodrigues, A.R.D.; Ferreira, F.A.; Teixeira, F.J.; Zopounidis, C. Artificial intelligence, digital transformation and cybersecurity in the banking sector: A multi-stakeholder cognition-driven framework. Res. Int. Bus. Financ. 2022, 60, 101616. [CrossRef]
Fedorov, B.M.; Fedorova, S.V.; Zhang, H.; Mamedova, N.A. Using Cognitive Technologies to Ensure the Information Security of Banks in the Conditions of Digital Transformation and Development of Biometrical Identification. WSEAS Trans. Bus. Econ. 2023, 20, 382–387. [CrossRef]
Patil, R.; Bharathi, S.V. A Study on the Business Transformation, Security issues and Investors Trust in Fintech Innovation. Cardiometry 2022, 24, 918–932.
Rãƒdulescu, C.V.; Bodislav, D.A.; Negescu, M.D.O. The Risks of Digitization in the Context of Economic Development and of Ensuring Social and Informational Security. In Proceedings of the International Management Conference, Poznan, Poland, 27–29 June 2019; Faculty of Management, Academy of Economic Studies: Bucharest, Romania, 2019; Volume 13, pp. 1040–1050.
Mijwil, M.; Aljanabi, M.; Ali, A.H. Chatgpt: Exploring the role of cybersecurity in the protection of medical information. Mesopotamian J. Cybersecur. 2023, 2023, 18–21. [CrossRef]
Sethuraman, S.C.; Vijayakumar, V.; Walczak, S. Cyber attacks on healthcare devices using unmanned aerial vehicles. J. Med. Syst. 2020, 44, 29. [CrossRef]
Buzdugan, A. Integration of cyber security in healthcare equipment. In Proceedings of the 4th International Conference on Nanotechnologies and Biomedical Engineering: Proceedings of ICNBME-2019, Chisinau, Moldova, 18–21 September 2019; Springer International Publishing: Berlin/Heidelberg, Germany, 2020; pp. 681–684.
Thomasian, N.M.; Adashi, E.Y. Cybersecurity in the Internet of medical things. Health Policy Technol. 2021, 10, 100549. [CrossRef]
