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    Cybersecurity Strategies23

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    mnzxbvcv2008

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    Cybersecurity Strategies23

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    Cybersecurity Strategies23

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    mnzxbvcv2008

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    © All Rights Reserved
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    28

    approach that embraced rigorous internal procedures, the adoption of external

    professional support and the use of proper insurance cover is in place (Camillo, 2017).

    For business leaders, a central responsibility is to ensure that the institutions

    maintain written policies and procedures related to cybersecurity (Blank et al., 2016;

    Herath et al., 2014). To mitigate the risk of a collapse in the global financial system

    caused by a succession of successful cyberattacks, regulators indicated that financial

    organizations integrate a cybersecurity framework in their information technology

    governance process (Terlizzi et al., 2017). Although a cybersecurity framework is a set of

    industry best practices and standards leaders used to aid cybersecurity risks and defend

    digital assets from adversaries, information technology governance consists of

    information technology leadership and procedures to ensure compliance with an

    enterprise’s principles (Terlizzi et al., 2017). Stechyshyn (2015) conducted research to

    propose the implementation of a security system engineering discipline by financial

    institutions. Stechyshyn noted that leaders of financial institutions must comply with the

    requirements of the Federal Financial Institutions Examination Council. Tabassum,

    Mustafa, and Maadeed (2018) explored the effects of cybercrime to understand the force

    of damage caused to businesses. Tabassum et al. used Qatar as a case study emphasizing

    the difficulty of securing cyberspace. Tabassum et al. noted the need for a global response

    to curb cybercrime. Past cyberattacks in Qatar caused leaders to increase consciousness

    and start actions for improving cybersecurity (Tabassum et al., 2018). Abdul-Wahab and

    Haron (2017) conducted an empirical investigation collecting data from 15 Islamic

    conventional and foreign banks that examined the efficiency of the banking sector in

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