DOI: https://doi.org/10.36719/2706-6185/46/239-242
Baylar Ismayilov
Azerbaijan State University of Economics
Master student
https://orcid.org/0009-0002-0067-0509
beyler606@gmail.com
Study of Approaches to Strengthening Information Security
in the Financial Sector
Abstract
In the modern era, information security in the financial sector is critical importance. Protecting data in this field ensures not only the stability of institutional operations but also maintains customer trust, which is a fundamental component of financial activity. The rapid digitalization and the dominance of electronic environments in financial transactions have made information protection an increasingly vital issue. Therefore, the study of approaches aimed at strengthening information security in financial institutions is both relevant and necessary.
Particularly, methods such as the development of cybersecurity measures, data encryption, user authentication, risk assessment and management are widely applied in this field. At the same time, information security policies are developed in accordance with international standards and regulatory documents. The human factor, technological infrastructure, and legal frameworks require a comprehensive approach in this area.
Research indicates that technical measures alone are not sufficient; the application of organizational and administrative strategies is also essential. Managing IT risks, conducting information security training, and maintaining data backups are key components of this process.
In conclusion, strengthening information security in the financial sector requires a multifaceted and integrated approach, where continuous development and research play a crucial role.
Keywords: information security, data protection, cybersecurity, risk management, data encryption, authentication, regulatory documents, technical and administrative measures, digital security