Journal of Cybersecurity and Information Management JCIM 2690-6775 2769-7851 10.54216/JCIM https://www.americaspg.com/journals/show/921 2019 2019 Department of Computer Science, Al-Baha University, Al-Baha City, Kingdom of Saudi Arabia Mohammed I. Alghamdi In the modern internet-connected society, technologies underpin almost every action in society. Although there have been positive effects of technologies in the organization, there have been forensic specialists indicating the issues and challenges with cyber security threats. The real-time conditions provide the capability of the organization in detecting, analyzing, and defending individuals against such threats. In this research project, the focus is on understanding the cyber security threats and the protection approaches to be utilized in safeguarding threats from financial institutions. With the Covid-19 pandemic, most of the financial firms, including Al Rajhi Bank, are utilizing technologies in their operations, and this has exposed them to cyber security threats. From the literature review conducted, the financial firms need to consider cyber security approaches including implementing triple DES, RSA, and blowfish algorithms in improving the security measures of the organizations.  2022 2022 8 17 10.54216/JCIM.090101 https://www.americaspg.com/articleinfo/2/show/921