Quantitative Studies on Hacking Methods and Types of Cyber-Attackers of Electronic Banking Networks

Abstract

Cyber-attacks on electronic banking networks are a growing concern in today's digital age. Cybercriminals try to penetrate the Electronic Banking infrastructure, by bypassing all protection mechanisms, and the media continue to report new bank cyberattacks and thefts. The study attempts to identify the impact of attacks and methods that threaten bank networks. To know the kinds and methods of the attackers of bank networks, a questionnaire was prepared and distributed to the selected banks and their branches, namely Omdurman National Bank, Bank of Khartoum, and Bank of Sudan. From the studied sample, competitors stood out as the most qualitative network attackers on the banks, while penetration through the Internet was one of the ways through which the attacks on the financial banks networks could be carried out. The sample of the study showed that the quality of bank attackers are the competitors, with a rate of 29.2%, which is considered the largest percentage of all assumptions and the highest network attacker’s method Through the internet with a rate of 52.7%. The study concluded that Competitors and Internet have highest impact per methods and kinds of attacks respectively. This conclusion supports the problem statement since the impact was known within the case study Banks.