October - 2018
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Md Hamid Uddin

has PhD in Finance from the National University of Singapore and taught at the same institution, and later at the University of Dhaka, Prince Sultan University, and the University of Sharjah prior to joining at Taylor’s University in Malaysia. At Taylor’s University, Uddin is working as an Associate Professor of Finance and the Director of Doctoral Program in Business. His research covers bank stability, Islamic debts, corporate ownership, risk-taking, initial public offers, merger and acquisitions, dividends, and capital structure. He is currently leading two research projects. One project is studying the effect of cybersecurity risk on the financial stability of banks and another project is examining the systematic risk factors for investment in the Sukuk (Islamic bond). His other projects include business conglomeration and corporate board independence, political connections of corporate firms and market valuation. While actively engaged in the academic research and teaching, Assoc. Prof Uddin has been serving on the editorial board of Studies in Economics and Finance, and also worked as the ad-hoc reviewer for different academic journals such as Pacific-Basin Finance Journal, Economic Modelling, The World Economy, and Thunderbird International Business Review among others. Besides academic field, he is also engaged with a number of industrial and professional entities and worked as a member of the task force team who developed the first code of corporate governance for Bangladesh.

https://university2.taylors.edu.my/business/staff-directory/dr-md-hamid-uddin

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Md Hamid Uddin and Md Hakim Ali: Cybersecurity Risk and Banking Stability: A thematic review

Cybersecurity risk shifts the paradigm of banking stability in the global financial market but the body of literature in this field is yet at infancy stage because the researchers did not deeply study this issue before. In this paper, we conduct a thorough review of literature across different thematic areas such as (i) cybersecurity and operational costs, (ii) cybersecurity and institutional performance, (iii) cybersecurity and operational risk, and (iv) cybersecurity disclosure and governance. The review shows that financial institutions emphasize on the investment in cyber technology even though a foolproof security system is unlikely to be achievable with the adoption of leading security system. Therefore, industry practitioners have been exploring cyber risk mitigation measures beyond technological solutions, and the international and national regulatory agencies prescribe different security guidelines for the financial institutions. However, their relevance is unclear without examining the institutions that are more susceptible to cyber-crimes. The literature overall shows a consensus view that cybersecurity breach contributes to the operating risk of the financial institutions. If so, the management of cybersecurity risk could be important for banking stability because the operational failure affects institutional performance. 

Last modified: 2018.10.10.