Importance The need in this research arises since cybersecurity has not been elaborated and studied scientifically and practically, considering the Internet of Things and electronic banking. The article describes the existing conditions for the information-driven society, analyzes possible consequences of the active use of information and communication technologies. We also provide an insight into cybersecurity and enlist unfavorable factors for the information infrastructure development. The online banking development is overviewed in terms of the Internet of Things. The article reviews principal types of cyberattacks, which considerably threat to financial institutions, and indicates factors that trigger the effect of cyberattacks on e-banking systems. The article outlines key areas for improving the cybersecurity and respectively takes e-banking and the Internet of Things into account. Objectives The research investigates the main issues arising from the development of the Internet of Things and analyzes challenging aspects of ensuring cybersecurity of e-banking in the context of the Internet of Things. We also try to suggest how cybersecurity can be improved for purposes of e?banking and the Internet of Things. Methods The research reviews cause-and-effect relationships of the e-banking development and issues that banking regulators and supervisors come across. Results We determined the key areas for improving cybersecurity in the context of e-banking and the Internet of Things. Conclusions and Relevance We proposed and substantiated specific advice on how to optimize financial relationships, the development of the Internet of Things and more and more sophisticated methods of cybercrimes. The article emphasizes the role of regulators in ensuring cybersecurity of credit and financial institutions in the context of e-banking and the Internet of Things.
Keywords: Internet of Things, cybersecurity, cybercrime, remote banking service, regulation
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