Revolutionizing Banking Cybersecurity: Deep Learning Strategies to Thwart Ransomware Attacks
Ransomware attacks which use system flaws to lock private data and mess with important financial operations threaten the banking industry more and more. Significant financial losses, harm of image, and falling client trust follow from these strikes. Conventional protection solutions are not always able to match the smart and changing character of ransom-ware. This work offers a new way of banking protection by use of deep learning techniques to successfully address malware risks. Deep learning algorithms are used to quickly find and stop malware activity as they can study huge amounts of data and spot detailed trends. This paper uses a proactive and adaptable approach to safeguard financial institutions from the rising risk of ransom-ware attacks, therefore demonstrating the potential of deep learning to alter banking cybersecurity. Examining coming and leaving data packets helps the system to see any dangers and stop them cold. An artificial intelligence-based technique helps it to more exactly spot emerging risks. In this view, in addition to stopping ransom-ware from getting access to private e-commerce data, the effectiveness of the warning system has dropped financial loss and brand damage. Moreover, in the tests this model showed an 89% accuracy rate, therefore reducing ransom-ware-related risks. Including an artificial intelligence-enabled smart chip into an e-commerce system helps businesses to improve their security stance. This means that they are fewer likely targets of ransom-ware attacks. It therefore became a necessary tool for properly addressing cyber security issues and lowering the risk ransom-ware brought to companies.
Authors
- Deepali Gupta (ORCID: https://orcid.org/0000-0002-3207-5248)
- Komuravelly Sudheer Kumar (ORCID: https://orcid.org/0000-0001-7621-3609)
- Mudita Uppal
- Ankita Kumari (ORCID: https://orcid.org/0009-0002-1868-5397)
Institutions
- Chitkara University (IN)
Publication Details
- Published
- 2024-12-20
- DOI
- https://doi.org/10.1109/innova63080.2024.10847034
- Primary Topic
- Advanced Malware Detection Techniques
- Type
- article
- Field-Weighted Citation Impact
- 0.00