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Systematic framework for conducting security vulnerability assessments in banking IT systems

Posted: Mar 29, 2021

Abstract

The banking sector faces an increasingly complex cybersecurity landscape characterized by sophisticated threat actors, evolving attack vectors, and the convergence of legacy and modern technology infrastructures. Traditional vulnerability assessment methodologies, while valuable in generic IT environments, often prove insufficient when applied to banking systems due to their unique architectural characteristics, regulatory requirements, and operational constraints. This research addresses these challenges by developing a systematic framework specifically designed for banking IT vulnerability assessments. Our approach integrates multiple assessment methodologies, incorporates domain-specific knowledge of banking operations, and implements intelligent prioritization mechanisms that consider both technical risk and business impact.

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