Universiti Teknologi Malaysia Institutional Repository

Modelling IoT security risk management in banking environment

Mohamad Nordin, Ermina Syahirah and Abas, Hafiza and Azizan, Azizul (2020) Modelling IoT security risk management in banking environment. Open International Journal of Informatics (OIJI), 8 (1). pp. 10-20. ISSN 2289-2370

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Official URL: http://apps.razak.utm.my/ojs/index.php/oiji/articl...


This paper discusses the issue in the banking context, where the equilibrium between banking protection risk management and the IoT security threats that any bank will face today must be decided. The recommended solution involves an IoT risk assessment mechanism that quantifies risks based on real threats and combines them with financial regulation that any financial must comply with. The risk reduction approach is focused on values such as operation regulation, the preservation of information, and the accomplishment of security goals. Preventive IoT protection initiatives and approaches to enhance IoT protection in the banking setting are addressed in this article.

Item Type:Article
Uncontrolled Keywords:banking environment, IoT, risk management model
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions:Razak School of Engineering and Advanced Technology
ID Code:87221
Deposited By: Yanti Mohd Shah
Deposited On:31 Oct 2020 20:30
Last Modified:31 Oct 2020 20:30

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