Digitization of Algerian financial institutions: transformation challenges and security risks
Keywords:
digitization, financial institutions, digital transformation, cybersecurity, security risksAbstract
This research aims to study the digitization of financial institutions in Algeria. and explore the challenges of this transition and associated security risks in addition to the extrapolatory approach to extrapolating results, The questionnaire was also used as an initial data collection tool. The sample of the study consisted of 52 employees of banks and insurance companies of the Chlef State based on the intended sample. The study found a statistically significant impact between transformation challenges, security risks and digital transformation and results showed no statistically significant differences at the indicative level (α ≤0.05) Digital transformation attributable to variables (cybersecurity, digital transformation challenges) and the study recommends the need to overcome challenges and risks by investing in infrastructure development, improving legislation, enhancing manpower skills and adopting comprehensive cybersecurity strategies. The research also emphasizes the importance of cooperation between the public and private sectors to achieve a secure and sustainable digital transformation.
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