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What is Cyber Media

Global Cyber Security Labor Shortage and International Business Risk
The media that is connected to include the IT systems and networks available in the world and the orbit.
Published in Chapter:
Cyber Risk Management in Banks: Cyber Risk Insurance
İsmail Yıldırım (Hittite University, Turkey)
DOI: 10.4018/978-1-5225-5927-6.ch003
Security vulnerabilities available in cyber security systems lead to virtual and physical damages to financial systems which in turn cause national- and individual-level security issues. Today's world is being shaped by digital technology, and cyber threats to information constitute a significant risk factor for businesses. This study explores the cyber security risks the banking system may encounter. The status of banking system, a system which includes a number of online services, in Turkey with respect to cyber security risks and the current risks are assessed and presented along with possible solutions. This study analyzes e-payment systems (online banking and e-trade/the use of debit/credit cards) and the supply chain, the backbone of the e-finance system, with respect to national cyber security risks. Nevertheless, cyber risk insurance, an emerging tool for cyber risk management, was analyzed in detail.
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