Zero-day and zero-click attacks on digital banking: a comprehensive review of double trouble

Kausar Yasmeen () and Muhammad Adnan ()
Additional contact information
Kausar Yasmeen: University of Nizwa
Muhammad Adnan: LINCOLN University College

Risk Management, 2023, vol. 25, issue 4, No 4, 24 pages

Abstract: Abstract The media has consistently covered the far-reaching consequences of Zero-Click and Zero-Day attacks on digital banking, which have resulted in widespread disruption. Despite this, there is a noticeable lack of scientific research conducted on this subject. This review aims to provide a modest yet significant contribution to understanding Zero-Click and Zero-Day attacks on digital banking. To achieve this objective, this study employs a comprehensive methodology that incorporates a multitude of scholarly sources. These include articles, review articles, books, and whitepapers published up until 2023. The aim is to develop a theoretical framework for preventing zero-click attacks with zero-day vulnerabilities. The research findings suggest that the combination of a zero-click attack, and zero-day vulnerabilities poses a significant challenge for banks in detecting such attacks. This, in turn, increases the hacker’s chances of success. Based on the literature review, this study has formulated a framework with the potential to minimize the likelihood of zero-click and zero-day attacks on digital transactions. The uniqueness of this review paper lies in its in-depth analysis of scholarly sources and the development of a theoretical framework to prevent Zero-Click and Zero-Day attacks on digital banking. The potential implementation of this framework could significantly improve the security of digital transactions by reducing the probability of these types of attacks.

Keywords: Zero click attacks; Zero-day vulnerabilities; Digital banking security; Cyber-attacks; Prevention; Digital transactions; Hacker; Detection risk mitigation (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s41283-023-00130-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:risman:v:25:y:2023:i:4:d:10.1057_s41283-023-00130-4

Ordering information: This journal article can be ordered from
https://www.palgrave.com/gp/journal/41283

DOI: 10.1057/s41283-023-00130-4

Access Statistics for this article

Risk Management is currently edited by Igor Loncarski

More articles in Risk Management from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().