Advanced International Journal of Multidisciplinary Research

E-ISSN: 2584-0487

An Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 2 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.
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Volume 2 Issue 6
November-December 2024

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AI-Powered Cybersecurity in Financial Institutions: Enhancing Resilience Against Emerging Digital Threats

Author(s) MD Anwarul Matin Jony, MD SHEAM ARAFAT, RASHEDUL ISLAM, S M Shahariar Rafi, Muhammad Saqib Jalil, Foysal Hossen
Country United States
Abstract It is evident that the world of Financial Technology is evolving rapidly, as financial institutions are regularly faced with an escalating threat from increasingly sophisticated cyber-attacks, which artificial intelligence (AI) can help transform the approach to create a much more resilient cybersecurity. In this paper, we study the effectiveness in building robust digital defenses in the financial sector through the usage of AI driven methodologies toward threat detection, incident response, and the ability to do a quick mitigation. This study synthesizes recent manifestations of AI as applied to the financial institutions industry using a rigorous datacentric methodology, evaluating AI applications, including machine learning based anomaly detection, predictive analytics, and automated threat intelligence. Research conducted by Soni et al. (2022) indicates that such AI enhanced cybersecurity can cut the time to react to security incident in more than 40 percent (Soni, 2022), while machine learning algorithms-based systems that been used in high risk environment has made their detection rate as high as 92 percent (Jiang & Yin, 2023). The findings show that AI Powered models enormously reduce risk and improve real time monitoring, while incident response framework is strengthened. In terms of implications for financial sector stakeholders and policymakers, this study’s addition offers crucial insights for an AI–enabled resilient digital infrastructure. We come to a novel conclusion regarding the role of AI in cyber security and propose a set of useful guidelines for financial institutions on how to strengthen security in the face of a changing threat environment.
Keywords AI-powered cybersecurity, financial institutions, digital threats, resilience, data-driven approach
Discipline Other
Published In Volume 2, Issue 6, November-December 2024
Published On 2024-11-21
Cite This AI-Powered Cybersecurity in Financial Institutions: Enhancing Resilience Against Emerging Digital Threats - MD Anwarul Matin Jony, MD SHEAM ARAFAT, RASHEDUL ISLAM, S M Shahariar Rafi, Muhammad Saqib Jalil, Foysal Hossen - AIJMR Volume 2, Issue 6, November-December 2024.
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