AN APPROACH TO MANAGING INNOVATION TO PROTECT FINANCIAL SECTOR AGAINST CYBERCRIME
Оlha Кuzmenko, Jan Kubálek, Victoria Bozhenko, Olexandr Kushneryov, Imre Vida
Abstract
Ensuring the cybersecurity management is an ever-increasing challenge for the \nfinancial institutions and the national financial regulators. The main purpose of the research \nis to improve cybersecurity management through analyzing large data volumes of \ninformation which helps to identify potential cyber threats at an early stage. The factors of \nthe rapid cybercrime growth via supervised learning models with associated learning (SVM) \nwere identified and evaluated in the paper. The object of research is 21 EU countries. The \npaper presents the results of an empirical analysis, which showed that the cyber threats are \ncaused by the growth of using online banking (0.49), improvement of internet user skills \n(0.42), expansion of activities online (0.41). The results of the research can be useful for \nfinancial institutions, national regulators and cybersecurity professionals.