Economics, Econometrics and Finance
3 years ago

Digital financing in US financial institutions poses cybercrime risk, study finds.

Journal of Economics and Business
Emerging Innovation Risk Management in Financial Institutions of United States
Sharif Abu Karsh

Paper Summary

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Financial institutions in the USA are trying to find new ways to manage risks better. A study looked at how they are using digital financing as an innovative way to do this. The researchers found that while this can be helpful, it also brings the risk of cybercrime. It's important for financial institutions to be careful when using a lot of technology to manage risks.