Thesis Chapters by Dr Pallavi Mane
https://stm.bookpi.org/BMERP-V7/article/view/16155, 2024
The financial sector has become one of the most heavily targeted industries for cyberattacks due ... more The financial sector has become one of the most heavily targeted industries for cyberattacks due to its vast repository of sensitive information and its pivotal role in the global economy. As banking institutions rapidly adopt digital technologies to enhance service delivery and customer experience, they are increasingly exposed to sophisticated cyber threats. This paper presents an extensive taxonomical review of the various cybersecurity strategies employed in the banking sector to secure financial transactions and protect against data breaches, financial fraud, and identity theft. The study categorizes existing cybersecurity mechanisms into distinct classes based on their core functionalities, technological frameworks, and applicability in different contexts of banking operations. The taxonomy is divided into preventive, detective, and corrective strategies, each covering a diverse set of techniques and tools. Preventive measures include encryption standards, secure coding practices, and robust authentication methods such as multi-factor authentication (MFA) and biometric verification. Detective strategies focus on real-time monitoring systems like intrusion detection systems (IDS), artificial intelligence (AI)-driven threat detection, and Security Information and Event Management (SIEM) solutions. Corrective strategies encompass incident response frameworks, disaster recovery plans, and data loss prevention (DLP) measures designed to mitigate damage in the aftermath of a cyberattack. One of the key contributions of this review is an in-depth evaluation of emerging technologies and their role in transforming banking cybersecurity. These include blockchain-based transaction validation, quantum cryptography, AI and machine learning algorithms for anomaly detection, and zero-trust architectures that enforce strict verification at every layer of the network. The paper discusses how these advanced solutions complement traditional security measures and create a mult
Papers by Dr Pallavi Mane
The Journal of Contemporary Issues in Business and Government, 2021
In high stakes financial decisions, people leave a substantial amount of money on the table, even... more In high stakes financial decisions, people leave a substantial amount of money on the table, even when financial education is available. The ubiquity of financial choices makes understanding the effects of incentives and education on mistakes crucial. This research experimentally examines the impact of changes in incentives and educational availability on incentivized but hypothetical healthcare choices using Amazon Mechanical Turk. We find that increasing incentives are ineffective in increasing decision-making effort, even when these changes are made clear and salient to the subjects. Yet, surprisingly, despite this lack of effort response, subjects’ choices improve when incentives are high. This result highlights an under-appreciated channel of incentives: when stakes become larger, often, the problems become simpler too. We next investigate the effect of available education. Overall, education leads to an increase in decision-making effort and an improvement in choice quality. H...
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Thesis Chapters by Dr Pallavi Mane
Papers by Dr Pallavi Mane