A Retrospective Qualitative Study: Banking and Cyber Security

The most recent reflection of financial technology in the banking sector is digital banking. With digital banking, various concerns about financial security arise. This study focuses on the literature on the need for cybersecurity, which has emerged due to the increasing digital usage in the banking sector. This study aims to systematically evaluate the literature on the use of cyber security in the banking sector. In this context, the Web of Science database was searched using “banking†and “cyber security†. Only research articles were preferred; in this context, the data set consisted of 88 studies. Bibliometrix and VOSviewer applications were used to analyze these data and visualize the relationship networks. In the analyzed studies, analyses were made for the prominent and high-impact study topics according to authors, keywords, citation status, countries, and bibliographies. The study revealed increased publications after 2019, with a greater focus on keywords related to fintech and cyber security concepts. Upon analyzing the distribution of publications by countries, we found that India, Pakistan, Jordan, the USA, and the UK had the highest number of publications on the subject. Therefore, cyber security should be addressed proactively. Moreover, regulatory and supervisory authorities, cybersecurity companies, and financial sector institutions should improve their employee capabilities and ecosystems against cyber breaches and the use of advanced technology. Recognizing that financial institutions will expand their digital footprint over time, keeping the environment ready for cybersecurity today will be necessary.