Advanced network traffic analysis techniques for detecting security breaches in banking systems

Posted: Aug 14, 2024

• Logan Thomas
• Logan Thompson
• Logan White

Abstract

The increasing sophistication of cyber attacks targeting financial institutions necessitates the development of advanced network traffic analysis techniques capable of detecting security breaches with unprecedented accuracy and efficiency. Banking systems represent critical infrastructure that processes trillions of dollars in transactions daily, making them prime targets for malicious actors employing increasingly sophisticated attack methodologies. Traditional security measures, including signature-based intrusion detection systems and rule-based firewalls, have demonstrated significant limitations in identifying novel attack vectors and sophisticated persistent threats that characterize modern banking cybercrime. This research addresses these critical challenges through the development of a novel multi-modal federated learning framework that enables collaborative threat intelligence while maintaining strict data privacy across banking institutions. Our approach represents a paradigm shift in banking cybersecurity by integrating quantum-inspired pattern recognition algorithms with advanced machine learning techniques specifically designed for encrypted traffic analysis. The methodology enables real-time detection of sophisticated security breaches without requiring decryption of sensitive financial data, thereby preserving customer privacy and regulatory compliance.