AI-Driven Real-Time Cyberattack Detection for Critical Financial Infrastructure
Abstract
The heightened digitalization of financial services has grown the target landscape of critical financial infrastructure to great heights so that a real-time cyberattack detection is the only tool that adds to the assurance that the system is safe, operational, and the customers trust it. In this article, a plan of an AI-based Real-Time Cyberattack Detection and Financial Resilience Framework (AI-RTCDF), which combines AI, cybersecurity, and financial-system resiliency to identify, evaluate and react to advanced cyber-attacks in a changing financial landscape is presented. The framework proposed will unify real-time ingestion of data, network ingestion of data, preprocessing, feature engineering, threat detection using artificial intelligences, behavior analysis, risk scoring, auto-response, and continuous monitoring of resilience. The methods to detect known and previously unknown patterns of attack are machine learning and deep learning and an adaptive layer of intelligence is continually updated so it detects models based on new behavior of threats. Death risk response mechanism will take the form of prioritizing identified cases by their ability to impact on financial operations, and recover and contain such cases within a short time. The additional resilience indicators in the framework that measure overall strength of financial infrastructure include availability of the services, the possibility of recovering, integrity of transaction and analysis of response. The proposed approach provides a unified route to between real-time threat identification and intelligent response and resiliency analysis, which helps to actively monitor cybersecurity and reduce the operational and economic impact of the cyberattacks.
Article Information
Journal |
International Journal of Science, Research and Technology |
|---|---|
Volume (Issue) |
Vol. 6 No. 4 (2023): International Journal of Science, Research and Technology (IJSRAT) |
DOI |
|
Pages |
10374-10383 |
Published |
August 16, 2023 |
| Copyright |
All rights reserved |
Open Access |
This work is licensed under a Creative Commons Attribution 4.0 International License. |
How to Cite |
Lalitha Reddy Badam (%2023). AI-Driven Real-Time Cyberattack Detection for Critical Financial Infrastructure. International Journal of Science, Research and Technology , Vol. 6 No. 4 (2023): International Journal of Science, Research and Technology (IJSRAT) , pp. 10374-10383. https://doi.org/10.15662/IJSRAT.2023.0604011 |
References
[2] J. M. Bauer and M. J. G. van Eeten, “Cybersecurity: Stakeholder incentives, externalities, and policy options,” Telecommunications Policy, vol. 33, nos. 10–11, pp. 706–719, 2009, doi: 10.1016/j.telpol.2009.09.001.
[3] N. Ben-Asher and C. Gonzalez, “Effects of cyber security knowledge on attack detection,” Computers in Human Behavior, vol. 48, pp. 51–61, 2015, doi: 10.1016/j.chb.2015.01.039.
[4] P. Hanafizadeh, B. W. Keating, and H. R. Khedmatgozar, “A systematic review of Internet banking adoption,” Telematics and Informatics, vol. 31, no. 3, pp. 492–510, 2014, doi: 10.1016/j.tele.2013.04.003.
[5] A. Kaplan and M. Haenlein, “Digital transformation and disruption: On big data, blockchain, artificial intelligence, and other things,” Business Horizons, vol. 62, no. 6, pp. 811–820, 2019.
[6] I. Lee, “Big data: Dimensions, evolution, impacts, and challenges,” Business Horizons, vol. 60, no. 3, pp. 293–303, 2017.
[7] L. D. Wall, “Some financial regulatory implications of artificial intelligence,” Journal of Economics and Business, vol. 100, pp. 55–63, 2018, doi: 10.1016/j.jeconbus.2018.05.003.
[8] J. Srinivas, J. R. Das, and N. Kumar, “Government regulations in cyber security: Framework, standards and recommendations,” Future Generation Computer Systems, vol. 92, pp. 178–188, 2019, doi: 10.1016/j.future.2018.09.063.
[9] G. Vial, “Understanding digital transformation: A review and a research agenda,” Journal of Strategic Information Systems, vol. 28, no. 2, pp. 118–144, 2019, doi: 10.1016/j.jsis.2019.01.003.
[10] D. Nylén and J. Holmström, “Digital innovation strategy: A framework for diagnosing and improving digital product and service innovation,” Business Horizons, vol. 58, no. 1, pp. 57–67, 2015, doi: 10.1016/j.bushor.2014.09.001.
[11] B. J. Drasch, A. Schweizer, and N. Urbach, “Integrating the ‘troublemakers’: A taxonomy for cooperation between banks and FinTechs,” Journal of Economics and Business, vol. 100, pp. 26–42, 2018, doi: 10.1016/j.jeconbus.2018.04.002.
[12] A. A. Shaikh, R. Glavee-Geo, and H. Karjaluoto, “Exploring the nexus between financial sector reforms and the emergence of digital banking culture: Evidences from a developing country,” Research in International Business and Finance, vol. 42, pp. 1030–1039, 2017, doi: 10.1016/j.ribaf.2017.07.039.
[13] T. S. Szopiński, “Factors affecting the adoption of online banking in Poland,” Journal of Business Research, vol. 69, no. 11, pp. 4763–4768, 2016, doi: 10.1016/j.jbusres.2016.04.027.
[14] P. Oliveira and E. von Hippel, “Users as service innovators: The case of banking services,” Research Policy, vol. 40, no. 6, pp. 806–818, 2011, doi: 10.1016/j.respol.2011.03.009.