CFP last date
20 May 2024
Call for Paper
June Edition
IJCA solicits high quality original research papers for the upcoming June edition of the journal. The last date of research paper submission is 20 May 2024

Submit your paper
Know more
Reseach Article

Assessment of Security Issues in Banking Sector of Libya

by Salima Benqdara, Almabruk Sultan, Awad Elfergani
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 176 - Number 13
Year of Publication: 2020
Authors: Salima Benqdara, Almabruk Sultan, Awad Elfergani
10.5120/ijca2020920011

Salima Benqdara, Almabruk Sultan, Awad Elfergani . Assessment of Security Issues in Banking Sector of Libya. International Journal of Computer Applications. 176, 13 ( Apr 2020), 12-17. DOI=10.5120/ijca2020920011

@article{ 10.5120/ijca2020920011,
author = { Salima Benqdara, Almabruk Sultan, Awad Elfergani },
title = { Assessment of Security Issues in Banking Sector of Libya },
journal = { International Journal of Computer Applications },
issue_date = { Apr 2020 },
volume = { 176 },
number = { 13 },
month = { Apr },
year = { 2020 },
issn = { 0975-8887 },
pages = { 12-17 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume176/number13/31259-2020920011/ },
doi = { 10.5120/ijca2020920011 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T00:42:23.383460+05:30
%A Salima Benqdara
%A Almabruk Sultan
%A Awad Elfergani
%T Assessment of Security Issues in Banking Sector of Libya
%J International Journal of Computer Applications
%@ 0975-8887
%V 176
%N 13
%P 12-17
%D 2020
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Information security in the banking sector is heavily controlled as banks store and manage their clients’ private information. Information security has always been the responsibility of the information technology (IT) department in organizations. Banks have become a component of the internet and daily lives. Libyan banks facade limited cash due to the part up political circumstance since 2014, as a result of limited cash individuals incapable to get their salaries. To solve this problem, most of Libyan banks are set up online electronic installment arrangements to assist individuals in buying their day by day needs. However, Cyber-attacks increasing day by day, and this is the challenge facing by banking where data is critical. These incidents could be prevented by implementing adaptable countermeasures promptly and minimizing risk. In this paper, a framework is proposed to assess the information security issue in Libyan banks. The study aimed at the assessment of security strategy in Libyan banks to identify security gaps. To achieve the aim of this study data collected by interview information security staff to evaluate the current security strategy in Libyan banks.

References
  1. G.Gopalakrishna “Report of the Working Group on information security, electronic banking, technology risk management, and tackling cyber frauds”, RBI, Mumbai, Maharashtra, January 2011 Available: https://rbi.org.in/ scripts/ NotificationUser.aspx?Mode=0&Id=6366.
  2. Zahoor, Z., Ud-din, M., & Sunami, K. (2016). Challenges in privacy and security in banking sector and related countermeasures. International Journal of Computer Applications, 144(3), 24-35.
  3. Whitman, M. E., & Mattord, H. J. (2011).Principles of information security. Cengage Learning.
  4. Alabed, S. H., & Hanandeh, R. (2013). The Impact of Implementing Information Security Management Systems on E-Business Firms: Case Study in Jordanian Banking Sector. Middle East University.
  5. Ayalew, G. (2016). Assessment of information Security Culture in the Banking Industry: the Case Study of Development Bank of Ethiopia (Doctoral dissertation, St. Mary's University).
  6. Elmadani, M. (2015). The Study of Service Quality in Libyan Commercial Banks (Doctoral dissertation, University of Huddersfield).
  7. Ibrahim ,A. (2017). Cash crisis pushes Libyans to virtual payments. Accessed Nov, 2018. https://phys.org/news/2017-08-cash-crisis-libyans-virtual-payments.html Conference, Edith Cowan University, 75-82. Perth, Australia.
  8. Pack, J. (2017). Libya’s Liquidity Crunch and the Dinar’s Demise: Psychological and Macroeconomic Dimensions of the Current Crisis." US-LIBYA Business association Washington. Accessed Sep, 2018. http://www.us-lba.org.
  9. Elgahwash, F., Freeman, M., and Freeman, A. E. (2014). Improving online banking quality in developing nations: A Libyan case.
  10. Microsoft, "Security Threats", Microsoft Corporation, 2018. Accessed Feb, 2018 https://msdn.microsoft.com/en-us/library/cc723507.aspx
  11. Shuaieb, E. (2013). Factors affecting the adoption of Internet banking in Libya.
  12. Alemu, M., and Omer, A. (2014). Cloud Computing Conceptual Security Framework for Banking Industry. Journal of Emerging Trends in Computing and Information Sciences, 5(12), 921-930.
  13. Ogunwobi, Z. O., Folorunso, S. O., & Alebiosu, O. (2016). Evaluation of Computer and Network Security Strategies: A Case Study of Nigerian Banks. In OcRI (pp. 85-90).
  14. Tytarenko, O. (2017). Selection of the best security controls for rapid development of enterprise-level cyber security. Naval Postgraduate School Monterey United States.
  15. Anthony (Tony) Cox Jr, L. (2008). What's wrong with risk matrices? Risk Analysis: An International Journal, 28(2), 497-512.
Index Terms

Computer Science
Information Sciences

Keywords

Keywords: Information Security CIA Risk Assessment Security Assessment.