Assessing the Effects of Cyber Attacks on Financial Markets

Jimmy Fnu ()

Journal of Artificial Intelligence General science (JAIGS) ISSN:3006-4023, 2024, vol. 6, issue 1, 288-305

Abstract: Cyber-attacks on financial markets have emerged as a significant threat to global economic stability, disrupting market operations, compromising sensitive data, and undermining investor confidence. This study explores the multifaceted impact of cyber-attacks on financial markets, examining both the immediate and long-term effects on market performance, regulatory response, and overall market resilience. By analyzing recent incidents, this research highlights how cyber-attacks influence stock prices, trading volumes, and market volatility, shedding light on the vulnerabilities within financial systems. Findings suggest that cyber threats not only impact individual institutions but also ripple through interconnected markets, amplifying financial risk on a broader scale. The study concludes with recommendations for strengthening cybersecurity measures in financial markets to enhance resilience and mitigate potential losses from future cyber incidents.

Keywords: Cyber-attacks; financial markets; cybersecurity; market volatility; economic stability; market resilience; stock prices; trading volume (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:das:njaigs:v:6:y:2024:i:1:p:288-305:id:254

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