Implementation of Advance Encryption Techniques to Protect Sensitive Financial Data from Cyber Threats

Ahmed, Salman (2024) Implementation of Advance Encryption Techniques to Protect Sensitive Financial Data from Cyber Threats. Masters thesis, Dublin, National College of Ireland.

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Abstract

This research mainly focus to analyse and examine the effectiveness of advance encryption techniques (mainly cryptographic) in protecting the sensitive financial data from cyber threats within accounting and banking practices. The research covers the assessment of encryption methods / techniques adequacy and understand the subsequent impact on different aspects of sensitive financial data and related systems. The encryption techniques mostly covered cryptographic methods in this study. A two-pronged analytical methodology is adopted in the research i.e., Structural Equation Modelling (SEM) and matrix analysis. This research provides a technical aspect of cryptographic encryption techniques using matrix analysis concentrating on substitution ciphers including Hill cipher. The study outcome confirm the reliability of these techniques in successfully securing confidentiality and integrity of the sensitive financial data. The SEM analysis also identifies additional important results: first, the use of cryptographic techniques increases perceived level of security namely by 0.23 standardized path coefficients (β = 0.23, p = 0.032); second, regulatory compliance is positively impacted by variables like encryption that have a similar effect size (β = 0.48, p < 0.01). Additionally, an impact on satisfaction of end user is positively observed (β = 0.27, p = 0.03), though challenges persist in implementation, particularly regarding workforce technology infrastructure and training. The study underscores the critical role of strategic implementation in maximizing the efficacy of cryptographic solutions, emphasizing the need for user-centred design and alignment with evolving regulatory frameworks. It highlights the necessity of a balanced cybersecurity approach that integrates advanced encryption techniques with practical considerations for deployment. The research provides valuable insights both qualitative and quantitative to cyber and Information Technology (IT) practitioners, experts, standards and policymakers in establishing comprehensive data protection guidelines and processes in the financial sector.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Salauddin, Jawad UNSPECIFIED
Uncontrolled Keywords:	Cybersecurity; Cryptographic; Data Protection; Advance Encryption; Financial Sector; Matrix Analysis; Structural Equation Modelling
Subjects:	H Social Sciences > HG Finance Q Science > QA Mathematics > Electronic computers. Computer science T Technology > T Technology (General) > Information Technology > Electronic computers. Computer science Q Science > QA Mathematics > Computer software > Computer Security T Technology > T Technology (General) > Information Technology > Computer software > Computer Security K Law > KDK Republic of Ireland > Data Protection
Divisions:	School of Computing > Master of Science in Cyber Security
Depositing User:	Ciara O'Brien
Date Deposited:	18 Jul 2025 09:05
Last Modified:	18 Jul 2025 09:05
URI:	https://norma.ncirl.ie/id/eprint/8185

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