Factors Hindering Full-Fledged Information Security in Banking Sector in Ethiopia: Emphasis on Information Security Culture

Information security is one of the most vital and demanding issues facing today's financial institutions such as banks. With widespread use of information technology and ever increasing connectedness to the global environment, financial institutions are increasingly exposed to wide-ranging threats. This research is aimed at assessing the existing information security culture in banks in Ethiopia with the intention to identify possible gaps that need management intervention. To that end, survey research method is employed that mainly uses quantitative data based on primary data collected from the headquarters of eleven banks in the capital Addis Ababa, Ethiopia. The study revealed that the level of information security culture in the banking sector in Ethiopia is unsatisfactory.

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