Thesis

An investigation of the current loopholes in bank ABC’s cybersecurity system : supporting a more resilient and trustworthy cybersecurity system

Creator
Rights statement
Awarding institution
  • University of Strathclyde
Date of award
  • 2024
Thesis identifier
  • T16911
Person Identifier (Local)
  • 201685519
Qualification Level
Qualification Name
Department, School or Faculty
Abstract
  • This dissertation extensively analyses ways to make UAE financial institutions more resilient to cyber-attacks. The primary objective is to assess and enhance these institutions' cyber risk resilience and preparedness, offering valuable insights applicable not only to the financial sector but across various industries. As the Statistical Significance of robust cyber defence cannot be overstated, the research is vital in countering cyber threats, making it imperative for UAE institutions to develop comprehensive and effective internet security measures. The research addresses four pivotal concerns in understanding the vulnerabilities within banks situated in Dubai. In the UAE, In particular, it explores how organizational resilience affects cyber-risk mitigation, the linkages between various cyber hazards, the efficacy of management technologies, and the Statistical Significance of human factors in cyber security. To address these concerns, the researcher employs an inductive problem-solving approach and a positivist realist philosophy supported by quantitative data on the examined variables. In explaining the underlying epistemological considerations, the research adopts an academic approach. Data collection involves an email survey conducted among employees of Bank ABC situated in the UAE with subsequent analysis using exploratory factor analysis (EFA) and multiple regression to uncover the correlation matrix structure and outcomes. This analytical technique reveals the relationships between latent and observable elements, reinforcing the research's primary assumptions. The findings suggest that many UAE financial institutions demonstrate commendable cyber resilience, underscoring the importance of employee cyber-threat preparedness and skill in determining an institution's overall resilience. Using data derived from Staff of Bank ABC, this research contributes substantially to cyber resilience knowledge, enabling UAE banks to assess their preparedness and operational deficiencies by leveraging cyber security frameworks. The research commences with a survey exploring the relationship between organizational resilience and preparedness in UAE banks while evaluating employee awareness and preparedness regarding cyber threats.
Advisor / supervisor
  • Renaud, Karen
Resource Type
DOI

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