Cybercrime and IT Resilience
Tony Boobier · 2020
When considering the impact of advanced analytics and artificial intelligence (AI) for banking, it would be incomplete to omit the issue of cybercrime and IT resilience as an area of interest. This chapter aims to give greater understanding of the nature of cybercrime at both a general and banking specific level, and how banks (by way of example) need to prepare themselves for both the present and the future. It includes topics such as cyber security toolkits and the emergence and importance of new roles. With fraud being one of the key areas of concern, the use of analytics and AI is also considered. The chapter explores some insights into issues of cyber law. A cyberattack is a deliberate attempt to disrupt computer systems or networks or to infiltrate codes. Its consequences are to disrupt processes, compromise data and infiltrate information sources leading to identity theft.