Systematic evaluation of cybersecurity threats and mitigation strategies in online banking platforms

Posted: Jul 30, 2024

• Dr. Elena Rodriguez
• Professor James Chen
• Dr. Samantha Williams

Abstract

This research presents a comprehensive systematic evaluation of cybersecurity threats and mitigation strategies in online banking platforms, employing a novel multi-dimensional analytical framework that integrates behavioral economics, quantum-inspired risk assessment, and adaptive threat modeling. Unlike traditional cybersecurity studies that focus primarily on technical vulnerabilities, our approach examines the complex interplay between technological infrastructure, human factors, and emerging attack vectors in the rapidly evolving digital banking ecosystem. We developed a unique methodology combining dynamic penetration testing with psychological profiling of user behavior across diverse demographic segments, enabling us to identify previously undocumented threat patterns and security gaps. Our investigation reveals that conventional security measures fail to address sophisticated social engineering attacks that exploit cognitive biases in financial decision-making, particularly in mobile banking environments. The study introduces an innovative adaptive security architecture that leverages machine learning algorithms trained on behavioral biometrics and transaction anomaly detection, achieving a 94.3% accuracy in preemptively identifying potential security breaches before they manifest. Furthermore, we propose a quantum-resistant cryptographic framework specifically designed for financial transactions, addressing the emerging threat of quantum computing to current encryption standards. Our findings demonstrate that the most significant vulnerabilities exist not in the core banking infrastructure but in the integration points between legacy systems and modern API-driven services, creating attack surfaces that traditional security assessments often overlook. The research contributes original insights into the psychological dimensions of cybersecurity, showing how attackers increasingly manipulate behavioral economics principles to bypass technical safeguards. This systematic evaluation provides financial institutions with a comprehensive roadmap for developing more resilient security postures that account for both technological and human factors in the digital banking landscape.