Abstract

This review paper explores the theoretical frameworks and strategies developed through Africa-US collaborations to address cybersecurity challenges in financial institutions. It examines foundational theories in risk management, information security governance, and compliance models and their evolution to meet the dynamic cybersecurity landscape. The paper highlights the successes and challenges these international collaborations face, emphasizing the emerging strategic advancements and best practices. It discusses the common and unique cybersecurity challenges across regions, showcasing the critical role of theoretical frameworks in developing robust cybersecurity strategies. The paper concludes with reflections on the practical implications for policy and governance, suggesting future research directions to strengthen global financial cybersecurity resilience further through continued international cooperation.