Article Per Year (5 Year)
p-Index From 2021 - 2026
0.562
P-Index
This Author published in this journals
All Journal Jurnal Ekonomi dan Bisnis Digital (MINISTAL) Indonesian Journal of Advanced Research (IJAR)
Raza, Md. Adil
Unknown Affiliation
Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Investigating the Cybersecurity Implications of Open Banking and Application Programming Interfaces (APIs) in the Financial Sector Hossain, Mohammad Amir; Raza, Md. Adil; Rahman, Jami Yaseer
Jurnal Ekonomi dan Bisnis Digital Vol. 4 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v4i1.13370

Abstract

Open banking and the use of APIs within the financial industry are improving how financial services are delivered by stimulating innovation, enhancing competition, and providing customer-oriented solutions. But that evolution has also brought its own heavy cybersecurity challenges. In this article we focus on the cybersecurity risks of open banking and APIs, including issues such as data breaches, and risks from third-party entities. Based on case studies, vulnerability assessments, and interviews with experts, the study highlights key threats and analyzes existing mitigation measures such as secure API development, authentication protocols, and regulatory compliance frameworks. Results highlight the need for strict cybersecurity measures built upon a Zero Trust Architecture, including the use of an API gateway and regular penetration testing to secure sensitive financial data, safeguarding an open banking landscape. The results of this research will assist financial institutions, developers, and regulators in securing next-generation open banking platforms without hindering innovation and risk management.
Assessing the Vulnerabilities of Mobile Banking Applications and Developing Strategies to Improve Their Security Hossain, Mohammad Amir; Raza, Md. Adil; Mahjabeen, Farhana; Rahman, Jami Yaseer
Jurnal Ekonomi dan Bisnis Digital Vol. 4 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v4i1.13371

Abstract

Mobile banking apps have changed the way financial services are provided, allowing users to perform banking operations from anywhere. Though this progress has granted consumers unprecedented convenience, it has also opened new doors to vulnerabilities creating an ideal target for hackers on mobile banking applications. It explores the security issues, vulnerable regions of mobile banking applications such as using insecure communication, weak authentication, unprotected storage, and susceptible to malware. Through empiric testing and existing vulnerability assessment frameworks, critical vulnerabilities and their potential consequences on user data and financial systems are identified. It also recommends specific measures to reduce these vulnerabilities, such as upgraded encryption protocols, multifactor authentication (MFA), secure coding strategies and realtime threat monitoring. Through the identification and exploration of these vulnerabilities, the study seeks to contribute to the ongoing efforts of enhancing the security and resilience of mobile banking applications, which ultimately protects user trust and ensures adherence to regulatory standards.
Evaluating the Human Factor in Bank Cybersecurity: Strategies for Improving Employee Awareness and Reducing Insider Threats Raza, Md. Adil; Hossain, Mohammad Amir; Mahjabeen, Farhana; Rahman, Jami Yaseer; Rahman, Taqi Yaseer
Indonesian Journal of Advanced Research Vol. 4 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i1.13399

Abstract

The human factor proves to be a considerable weakness in the banking security infrastructure even when advanced cybersecurity technologies are being implemented by various banks. Breaches involving employees have been a huge factor in bank cybersecurity issues this research, look at the impact of employees in bank security, and how breaches have an insidious human behavior element. It notes risks like phishing attacks, negligence and intentional insider threats and heavy strategies need to respond to these risks. The research shows employing targeted awareness programs, continuous training, and behavioural analytics bases can help organizations reduce such humanrelated vulnerabilities through a combination of case studies, employee surveys and expert consultations. It also addresses the adoption of Zero Trust Architecture and continuous monitoring of activities to detect and prevent insider threats. Fostering employee awareness and building a culture of security will protect banks from both outside and inside cybersecurity threats. It helps derive actionable findings to create a resilient humancentric cybersecurity structure in the banking domain.
Co-Authors Hossain, Mohammad Amir Mahjabeen, Farhana Rahman, Jami Yaseer Rahman, Taqi Yaseer