Cyber Risk Analytics and Security Frameworks for
Safeguarding U.S. Digital Banking Infrastructure
Affiliations
1
Department of Information Studies, Trine University , Indiana, USA
2
Department of Business Analytics, Trine University , Indiana, USA
3
Department of Business Administration, Westcliff University , 400 Irvine, CA 92614, USA
4
Department of Business Administration, International American University, Los Angeles, CA 90010, USA
Abstract
This study explores the current landscape of information security policies and practices
within the U.S. banking sector, while offering comparative insights from global banking
systems. Using a qualitative approach and guided by PRISMA 2020 standards, the research
involved a systematic review of 125 academic papers and 20 reports sourced from
databases such as Scopus, Web of Science, and Google Scholar. The analysis reveals that
U.S. banks face a wide array of cybersecurity threats, including phishing, ransomware,
insider risks, and regulatory challenges. Nevertheless, robust security frameworks—
anchored by legislation like the Gramm-Leach-Bliley Act and supported by partnerships
with agencies such as CISA and FS-ISAC—have helped mitigate these risks by fostering
trust, enhancing fraud detection through AI, and maintaining financial stability. Global
comparisons highlight shared concerns over evolving threats, regulatory compliance, and
the importance of international collaboration. While the U.S. demonstrates strong
regulatory foundations, areas for improvement include enhanced employee training,
broader adoption of advanced cybersecurity tools, and greater cross-border coordination.
The study concludes by recommending multi-factor authentication, AI and blockchain
integration, and increased employee awareness initiatives. However, it notes limitations
such as the reliance on secondary data and a U.S.-centric focus. Future research should
include primary da...
Keywords:
Cybersecurity, Banking Sector, Information Security, Regulatory Compliance,
Artificial Intelligence, Risk Management