Given the rapid growth of information and the significant increase in cyberattacks in recent years, evaluating and analyzing the state of information security in Iranian banks has become a critical necessity. According to security reports, banking malware and financial fraud have witnessed substantial growth over the past decades. In light of the increasing complexity of cyber threats and the high velocity of emerging risks, traditional security strategies are no longer sufficient to meet the evolving needs of Iranian banks. In this study, we employ the Strengths, Weaknesses, Opportunities, Threats (SWOT) framework to assess and analyze the cybersecurity landscape in Iran’s banking sector. The use of SWOT enables us to formulate well-reasoned and evidence-based recommendations. Accordingly, this research utilizes SWOT analysis to identify effective solutions and robust strategic directions for strengthening cybersecurity in Iranian banking. Initially, we identify the internal strengths and weaknesses, as well as the external opportunities and threats that impact information security in Iranian banks. Based on the findings from the SWOT analysis, a set of strategic recommendations are proposed to enhance the cybersecurity posture of the country’s banking system.