Cyber Security Risks and Solutions in the Financial Services Sector: Payment Systems and Supply Chain Integrity Cover Image

Finansal Hizmet Sektöründe Siber Güvenlik Riskleri ve Çözüm Yolları: Ödeme Sistemleri ve Tedarik Zinciri Bütünlüğü
Cyber Security Risks and Solutions in the Financial Services Sector: Payment Systems and Supply Chain Integrity

Author(s): Hamdi YEŞİLYURT
Subject(s): Economy
Published by: Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: National Cyber Security; Banking; Finance; Internet Banking; Software; Supply Chain; 3-D Secure; Secure Electronic Transaction.

Summary/Abstract: Turkey continues to be statistically in the forefront of the world rankings in terms of the exposure to cyber security threats. In Turkey, many academic studies related to cyber security or legal issues in regard to cyber-crime have been conducted to date. Further, the risk factors that lead to cyber security problems and the causes of these factors should be examined more rigorously. Internet banking, debit and credit card uses and e-commerce are the key components of the online payment system that suffer intrusions. Software supply system is also one of the most important technical infrastructure elements of the financial system security. Increasing cyber risks diminish consumer confidence regarding online payment systems, and such risks could cause extraordinary expenditures within financial system. Therefore, a nationwide analysis and interpretation of the cyber security risks is vital for national economy and cyber critical infrastructure security. In this study, online payment systems in Turkey and the appertaining cyber security systems that are supported by software supply chains are examined in terms of the associated risks. The study addresses the aforementioned potential cyber security risks in the context of cyber security norms and cyber security measures are discussed from an administrative perspective.

  • Issue Year: 13/2015
  • Issue No: 02
  • Page Range: 97-120
  • Page Count: 24