Cybersecurity in the banking sector - the approach to the security of the IT-infrastructure

This article is about the problem with the information vulnerability to the cyber-attacks in commercial banks. This work is actual in itself due to a significant increase of cybercrime in the banking sector, that results in significant damages not only for commercial banks, but also for the economy as a whole. However, Russian Banks have no practice to organize the common system-based approach to information security, which would constitute a well-timed warning of cyber threats and appropriate protection of IT-infrastructure. First of all, his research work covers the most common cyber attack methods. Secondly, it provides actual data about the losses of Russian banks for 2016-2017, as well as the analysis of the main causes of mass assumptions, where the credit organizations could overlook similar incidents. The results of the study, backed by actual data on losses from cybercrime, show that commercial banks still do not give due attention to the security of their cyberspace...