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1.
Cyber threats and security challenges in the Hungarian financial sector
Tamás Somogyi, Rudolf Nagy, 2022

Abstract: In recent years an increasing trend has been observed with regard to the number of cyber-attacks in the banking industry, which demonstrates the importance of information security in this sector. The goal of the present case study is to gain a better understanding of information security within critical infrastructure protection by discussing the challenges and practices of the Hungarian financial sector. First, the sector’s essential services are identified. Then, the most current sector-specific cyber threats are described, based on data collected from the relevant literature and public authority reports. The final part presents a reasonably comprehensive overview of the key points of information security and best practices based on regulations, recommendations and standards.
Found in: osebi
Keywords: national security, finance, Hungary, information security, cyber threat, cyber security, cyber resilience, banks
Published: 11.10.2022; Views: 1772; Downloads: 35
.pdf Fulltext (466,99 KB)

2.
The impact of the War in Ukraine on the information security of the European Union’s banking industry – a case study of Hungary and Slovakia
Tamás Somogyi, Rudolf Nagy, 2023

Abstract: This study investigates, for the first time, the impact of the war on the information security of the EU’s banking industry. This domain is critical, as i) a significant cyber incident may lead to the financial and political instability of the Member States, and ii) the efficiency of the financial sanctions adopted by the EU depends on the appropriate operation of the EU’s banking systems. Qualitative methods were used in the study; relevant literature and publicly available sector specific data were analysed, and senior information security experts from Hungarian and Slovakian banks were interviewed. The results underpin the fact that banks in the EU are facing an exceptionally high level of cyber risk; the paper attempts to provide actions responding to these risks to keep the banking industry secure.
Found in: osebi
Keywords: European Union, banking industry, cyberterrorism, Ukraine, Russia
Published: 05.01.2024; Views: 574; Downloads: 3
.pdf Fulltext (419,47 KB)

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