A Blockchain-based prototype for cybersecurity threat intelligence sharing: a case of Kenyan banking and insurance financial institutions
Date
2021
Authors
Kibuci, Wanjohi Stephen
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Cybersecurity threats to financial institutions have become more sophisticated and challenging to deal with. The growing dependence of financial institutions on cyberspace makes cybersecurity preparedness against threats important to achieve a financial institution's mission and vision. In this context, cybersecurity preparedness is the process in which a financial institution can protect against, prevent, mitigate, respond to, and recover from cyber threats. Traditionally, most organizations share threat intelligence through ad hoc methods such as emails and phone calls but there is a need to automate threat intelligence sharing where possible to improve cybersecurity preparedness. To address this issue, and enhance cybersecurity and trust, a blockchain-based approach can be employed to share threat intelligence. This study aims to leverage blockchain technology by developing a prototype to automate cybersecurity threat intelligence sharing in financial institutions. The study used a quantitative approach in data collection using structured online questionnaires with close-ended questions and open source datasets and data analysis using several analytic tools. The prototype has been developed using the Rapid Application Development software development methodology using open-source Oracle Virtual Box that runs on Linux Operating System
Description
A Thesis in partial fulfillment of the requirements for the award of a degree of Master of Science in Information Technology, Strathmore University