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Convergence and Divergence Regarding the Impact of Risks on Banking Transactions

Author

Listed:
  • Florentina Raluca Bilcan
  • Ionut Adrian Ghibanu
  • Ion Ionut Bratu
  • George Adrian Bilcan

Abstract

Risk is a permanent companion to banking transactions, which is why the cyber strategy will be affected if current and future risks are not taken into account. In order to identify and evaluate the risks of information security, any economic entity must start from its main lines of activity, from the strategy it will adopt. The paper presents not only the traditional aspects of information security risks in banking transactions, but also the way in which risk management becomes especially important in overcoming less predictable cyber attacks. The results show that identifying, analyzing and managing the security risks of information specific to banking transactions, several important pieces of the puzzles are represented by the models and techniques that address these risks.

Suggested Citation

  • Florentina Raluca Bilcan & Ionut Adrian Ghibanu & Ion Ionut Bratu & George Adrian Bilcan, 2019. "Convergence and Divergence Regarding the Impact of Risks on Banking Transactions," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 145-150, December.
    • Handle: RePEc:khe:scajes:v:5:y:2019:i:4:p:145-150
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    References listed on IDEAS

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    1. George Milunovich & Minxian Yang, 2018. "Simultaneous Equation Systems With Heteroscedasticity: Identification, Estimation, and Stock Price Elasticities," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 36(2), pages 288-308, April.
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    More about this item

    Keywords

    Banking transactions; risk; probability; cyber attacks;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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