Cyber Security Challenges Through Case Study And Data Perspective in Banking Sector

Abstract

Management Information Systems (MIS) are crucial in today's digital banking environment, but they are also becoming more vulnerable to cybersecurity attacks. Using qualitative techniques such as expert interviews, case study analysis specifically, the 2016 Bangladesh Bank Heist and secondary data, this study investigates these issues in the context of bangladesh. The results show that vulnerabilities are caused by inadequate governance, training, and budget allocation in addition to obsolete systems and insufficient authentication. The study identifies a gap between policy and practice and suggests immplementing international standards like as ISO/IEC 27001 and the NIST Framework to increase monitoring, multi-factor authentication, and red-teaming in order to enhance MIS security.