Understanding the Importance of Cyber Security in Data Management Related to Business: A Case Study of IBS Bank

This research project investigates the significance of cyber security in data management within the context of a business. It utilizes a case study of IBS Investment Bank to explore the impact of cyber security on various business functions, including customer money investment, bank image, and profitability. The study employs a mixed-methods approach, including a survey of 100 IBS Bank employees and qualitative interviews with key personnel. The findings highlight the critical role of cyber security in safeguarding data, protecting customer information, and maintaining the bank's reputation. The research also emphasizes the need for robust cyber security measures and the importance of employee awareness and training to mitigate cyber threats.

UNDERSTANDING THE
IMPORTANCE OF CYBER
SECURITY IN DATA
MANAGEMENT RELATED TO
BUSINESS: A CASE STUDY OF
IBS BANK
Unit 8: Research Project

TABLE OF CONTENTS
 Slide 3: Introduction
 Slide 4: Research aim
 Slide 5: Research Objectives
 Slide 6: Research questions
 Slide 7: methodology
 Slide 8- 15: Results and quantitative analysis
 Slide 16: Qualitative analysis
 Slide 17: Linking with Objectives
 Slide 18: Conclusions and recommendations
 Slide 19: References and Bibliography

INTRODUCTION
 IBS investment bank mainly concentrate on providing strategies for
strategic investments for high international individuals or ultra-
institutions.
 They employ integrated approach that takes into consideration, which
most prudent and beneficial in promoting safe return of the investor
and targeted investors (Su, 2015).

RESEARCH AIM
 The aim of this research is to provide full explanation about the
importance of the cyber security and its understanding in the field
of data management related to the business.

RESEARCH OBJECTIVES
 The research main objective is to research various proposals
and provide a descriptive view over the specific areas in
relationship with the business concerned.
 Following are the other research objectives of the current
study.
 To investigate the impact of cyber security in the field of data
management related to business.
 To understand the importance of cyber security in the field of
data management related to business.
 To explore the employee perspective of importance of cyber
security in the field of data management related to business.
 To explore the implementation of cyber security in the field of
data management of IBS Bank

RESEARCH QUESTIONS
 What is the Cyber Security?
 What is Impact of cyber security in the field of data management?
 What is the Importance of Cyber Security?
 What are employee perspectives on the importance of cyber
security in the field of data?
 What are the implementations and Management of cyber security
in the field of data management?
 What are various ways to provide data security?

METHODOLOGY
 Research philosophy: Positivism
 Research design: Primary research
 Sampling technique: random Sampling technique
 Data collection technique: primary data collection technique
 Survey method: In the present study, the researcher has chosen
the primary research method involving survey. The survey was
done on a sample size of 100 employees of the IBS Investment
Bank who served as the primary data sources. The survey
questionnaire involved eight close-ended questions, in order to
avoid further chances of doubts

RESULTS AND QUANTITATIVE
ANALYSIS
Age division
of the
respondents
Responders Total No of
respondents
Percentage
18-25 30 100 30%
25-30 26 100 26%
30-35 20 100 20%
35 years
above
24 100 24%
1. Responders’ Age (Employees age
divisions)
Table: respondents age separation table
18-25 25-30 30-35 35 years
above
0
20
40
60
80
100
120
Responders Total No of respondents
Percentage

2. Gender analysis of the employees
Gender
analysis
Responders Total No of
respondents
Percentage
Male 54 100 54%
Female 46 100 46%
Table: Responders’ Gender analysis table
Male Female
0
20
40
60
80
100
120
Chart Title
Responders Total No of respondents
Percentage

3. Responders’ view on Cyber security in data
management affecting various business functions
Table : responders’ view on Cyber security in
data management affecting various business
functions
Options Responders Total No of
respondents
Percentage
Firmly agree 34 100 34%
Agree 28 100 28%
Neutral 18 100 18%
Disagree 14 100 14%
Firmly
disagree
6 100 6%
Firmly agree Agree Neutral Disagree
0
20
40
60
80
100
120
Responders Total No of respondents
Percentage

4. Influence of appropriate implementation of data
security in customer money investment
Table: Influence of appropriate
implementation of data security in customer
money investment
Options Responders Total No of
respondent
s
Percentage
Firmly
agree
34 100 34%
Agree 38 100 38%
Neutral 2 100 2%
Disagree 16 100 16%
Firmly
disagree
20 100 10%
Firmly agree Agree Neutral Disagree
0
20
40
60
80
100
120
Responders Total No of respondents
Percentage

5. Influence of Cyber security & data management on
the bank image
Table 5: Impact of Cyber security & data
management on the bank image
Options Responders Total No of
respondents
Percentage
Very Firmly 36 100 36%
Strongly 28 100 28%
Neutral 24 100 24%
Not so Firmly 10 100 10%
Disagree 2 100 2%
Strongly Neutral Not so Firmly
0
20
40
60
80
100
120
Responders Total No of respondents
Percentage

6. Influence of Cyber security affecting the
profitability of the business organisation
Table 6: Influence of Cyber security affecting
the profitability of the business organisation
Options Responders Total No of
respondent
s
Percentage
Firmly
Agreed
36 100 36%
Agreed 34 100 34%
Neutral 16 100 16%
Disagree 12 100 12%
Firmly
Disagree
2 100 2%
Firmly Agreed Agreed Neutral Disagree
0
20
40
60
80
100
120
Responders Total No of respondents
Percentage

7. Contentment level of the organizational employees
for effective implementation of Cyber security
Table7: Contentment level of the
organizational employees for effective
implementation of Cyber security.
Options Responders Total No of
respondents
Percentage
Firmly
satisfied
28 100 28
Satisfied 32 100 32
Neutral 20 100 20
Not satisfied 4 100 4
Dissatisfied 6 100 6
Firmly satisfied Satisfied Neutral Not satisfied
0
20
40
60
80
100
120
Responders Total No of respondents
Percentage

Q8. Implementation of the Cyber security affect
consumer base
Table 8: Implementation of the Cyber
security on consumer base
Options Responders Total No of
respondents
Percentage
Firmly agree 36 100 36%
Agree 26 100 26%
Neutral 10 100 10%
Disagree 18 100 18%
Firmly
disagree
10 100 10%
Firmly agree Agree Neutral Disagree
0
20
40
60
80
100
120
Responders Total No of respondents Percentage

QUALITATIV
E ANALYSIS
Question Operational manager IT manager
1. Do you think
Cyber security
have been
beneficial for
your
organization?
The response of the operations manager
was much enlightening. The operations
manager revealed that importance of
data management is immense in this
department as operations management
deals with managing the organizational
and the service quality.
In context to the Cyber Security and data
management in the IBS Investment Bank
the input from the IT manager has been
most beneficial. The IT manager revealed
that technology is changing and
therefore; he hackers are coming up with
more new technologies with each passing
day.
2. What are the
benefits that
are received by
the customers
from the
technologies
that have been
implemented by
you?
The operational manager replied “Now a
day, in a busy schedule people are
getting less time to go and pick from the
market so, the new E commerce website
helping them to purchase and chose
from our various products seating in a
corner. They can buy, rate, and choose
from mobile phone. That is a great
aspect for both of us”.
IT supervisor said that-The principle
reason that this Cyber System matter is
that it starts from NIST - following a
period of constant work and a couple of
reviews from general society and private
division.

LINKING WITH OBJECTIVES
 Objective 1: The first objective of the research was to investigate
the impact of cyber security in the field of data management related
to business. This objective has been fulfilled through employee
survey done on the employees of IBS Investment Bank.
 Objective 2: The second objective was to understand the
importance of cyber security in the field of data management
related to business. This objective has been fulfilled through
qualitative analysis of the interview, which identified that the main
reason that this Cyber Framework matter is that it originates from
NIST - following a time of diligent work and a few audits from
general society and private division.
 Objective 3: The third objective is to explore the employee
perspective of importance of cyber security in the field of data
management related to business.
 This helps the firewalls and antivirus programming commonly
perceive known malware; nevertheless, proficient programmers as
often as possible break guards while staying under the radar.

CONCLUSION AND
RECOMMENDATION
 In conclusion, to the research, study it can be stated that
the aim of this research has been fulfilled which was
identified as providing full explanation about the
importance of the cyber security and its understanding in
the field of data management related to the business. In
this, the researcher has provided a case study of IBS
Investment Bank. Moreover, the aim of preparing a
research study in relation to the specific areas of the
business has been accomplished successfully.
 There is no real way to ensure resources are 100 percent
safe. Notwithstanding when every single accessible
system is set up, hoodlums may in any case effectively
penetrate systems. Undertakings must be set up for
these situations – and have recuperation designs
prepared, and digital crisis reaction groups (CERTs) on
standby. CERTs recognize, confirm and counter dangers,
distinguish and assess vulnerabilities, and oversee
security models.

REFERENCES & BIBLIOGRAPHY
 Ben-Asher, N. and Gonzalez, C., 2015. Effects of cyber security
knowledge on attack detection. Computers in Human Behavior, 48,
pp.51-61.
 Corwin, S.A., Larocque, S.A. and Stegemoller, M.A., 2017. Investment
banking relationships and analyst affiliation bias: The impact of the
global settlement on sanctioned and non-sanctioned banks. Journal of
Financial Economics, 124(3), pp.614-631.
 Goutam, R.K., 2015. Importance of Cyber Security. International Journal
of Computer Applications, 111(7).
 Su, C., 2015. Does institutional reform improve the impact of investment
bank reputation on the long-term stock performance of initial public
offerings?. The British Accounting Review, 47(4), pp.445-470.