International Journal of Multidisciplinary Research and Growth Evaluation  |  ISSN (Online): 2582-7138  |  Double-Blind Peer Review  |  Open Access  |  CC BY 4.0

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     2026:7/3

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN (Online): 2582-7138 | Open Access

A Conceptual Framework for Integrating Financial Risk Management and Cybersecurity Governance in Digital Healthcare Systems

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Published:

Volume: 1 | Issue: 5 | Pages: 741-755

Subject: Cybersecurity.

Country: Nigeria

DOI: https://doi.org/10.54660/IJMRGE.2020.1.5.741-755

License: CC BY 4.0

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Abstract

The rapid digitalization of healthcare systems has created unprecedented opportunities for improving clinical efficiency, patient outcomes, and data-driven decision-making, while simultaneously introducing complex financial and cybersecurity risks. Healthcare organizations increasingly rely on interconnected electronic health records, cloud infrastructures, telemedicine platforms, and AI-enabled analytics, making them vulnerable to cyber threats that carry significant financial consequences, including operational disruption, regulatory penalties, reputational damage, and revenue loss. Despite growing investments in cybersecurity and financial risk management, these domains are often governed independently, resulting in fragmented risk visibility and inefficient mitigation strategies.
This review paper proposes a conceptual framework that integrates financial risk management principles with cybersecurity governance to support resilient digital healthcare ecosystems. The study synthesizes existing literature on enterprise risk management, healthcare cybersecurity standards, regulatory compliance models, and digital governance architectures to identify structural gaps between financial oversight and cyber risk controls. The framework aligns cyber risk metrics with financial performance indicators, enabling healthcare institutions to quantify cyber exposure in economic terms and prioritize investments based on risk-adjusted value. Furthermore, the paper examines governance mechanisms, risk assessment methodologies, and decision-support models that promote coordinated oversight across executive, technical, and compliance functions. By bridging financial and cybersecurity governance, the proposed framework advances strategic risk integration, strengthens organizational resilience, and supports sustainable digital transformation in modern healthcare systems.
 

How to Cite This Article

Lovelyn Nnedimma Ekpedo, Oluwatosin Dada, Ahmed Olakunle Oladipupo (2020). A Conceptual Framework for Integrating Financial Risk Management and Cybersecurity Governance in Digital Healthcare Systems . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 1(5), 741-755. DOI: https://doi.org/10.54660/IJMRGE.2020.1.5.741-755

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Publication Information

Journal: International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE)

Publisher: Anfo Publication House

ISSN: 2582-7138 (Online)

Frequency: Bimonthly

Language: English

Open Access: Yes - This article is distributed under the terms of the Creative Commons Attribution 4.0 International License

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