A Comprehensive Study of Cyber Threats in the Banking Industry

2. Cybersecurity Terminologies

• A)

  Vulnerability: These are the weaknesses inherited by a system or its architecture that permit a malevolent actor to execute nefarious commands, illicitly gain entry to sensitive asset like data device etc.

• B)

  Threat: The actions representing a deliberate attempt to exploit vulnerabilities in a given system for personal gain, while simultaneously causing detrimental effects to its overall operation.

• C)

  Exploit: An exploit denotes a software component, a methodology, or a malevolent code that exploits a flaw or vulnerability in a computer system, network, or application. Exploits are commonly utilized by attackers with malicious objectives to acquire illicit access, authority, or control over the targeted system or to extract confidential data.

• D)

  Attacks: The actions which are executed with the intent of causing harm to a system or impeding its regular operations by exploiting its vulnerabilities using an array of tools and techniques. Attackers engage in these attacks to accomplish their malicious objectives, whether it be for personal gratification or financial remuneration.