The research has been designed to study about the challenges

The research has been designed to study about the challenges

The research has been designed to study about the challenges in cyber security for business. Presently, Internet plays a vital role almost in each and every organisation; most importantly in large organisations and main threat of them is cyber security. This research is limited to discuss on the cyber security of banking sector. Cyber security is a most important aspect for financial institutions such as banks. This is due to its important role in the safety of data management and sharing of important business information to the related stakeholders between different departments of the Bank (Commonwealth Bank of Australia 2017). Hence, banks have implemented various technical tools to mitigate the challenges of cyber crimes. The financial institutions such as banks face challenges of the cyber security because of several factors (Akyildiz, et al, 2002) that have also given the open invitation to the cyber criminals to hack the data and personal information of its customers and cause financial risks. These factors are either related to the internal environment of the business or the external environment of the business. In this context, the paper will present the objective of this project as well as the scope of the project. Further, this project will present the literature

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