Do cybersecurity threats and risks have an impact on the adoption of digital banking? A systematic literature review

Natile Nonhlanhla Cele and Sheila Kwenda

Journal of Financial Crime, 2024, vol. 32, issue 1, 31-48

Abstract: Purpose - The purpose of the study is to identify cybersecurity threats that hinder the adoption of digital banking and provide sustainable strategies to combat cybersecurity risks in the banking industry. Design/methodology/approach - Systematic literature review guidelines were used to conduct a quantitative synthesis of empirical evidence regarding the impact of cybersecurity threats and risks on the adoption of digital banking. Findings - A total of 84 studies were initially examined, and after applying the selection and eligibility criteria for this systematic review, 58 studies were included. These selected articles consistently identified identity theft, malware attacks, phishing and vishing as significant cybersecurity threats that hinder the adoption of digital banking. Originality/value - With the country’s banking sector being new in this area, this study contributes to the scant literature on cyber security, which is mostly in need due to the myriad breaches that the industry has already suffered thus far.

Keywords: Cybersecurity; Digital banking; Adoption; Technology; Cybersecurity threats; Risk (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-10-2023-0263

DOI: 10.1108/JFC-10-2023-0263

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