Cybersecurity In The Financial Sector As A National Security Issue

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Cybersecurity in the Financial Sector as a National Security Issue

Author : Canada. Parliament. House of Commons. Standing Committee on Public Safety and National Security
Publisher : Unknown
Page : 53 pages
File Size : 53,6 Mb
Release : 2019
Category : Computer security
ISBN : OCLC:1107610830

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Cybersecurity in the Financial Sector as a National Security Issue by Canada. Parliament. House of Commons. Standing Committee on Public Safety and National Security Pdf

Countering Cyber Threats to Financial Institutions

Author : Pierre-Luc Pomerleau,David L. Lowery
Publisher : Springer Nature
Page : 224 pages
File Size : 50,8 Mb
Release : 2020-08-29
Category : Business & Economics
ISBN : 9783030540548

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Countering Cyber Threats to Financial Institutions by Pierre-Luc Pomerleau,David L. Lowery Pdf

Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity.

Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment

Author : Antoine Bouveret
Publisher : International Monetary Fund
Page : 29 pages
File Size : 43,8 Mb
Release : 2018-06-22
Category : Computers
ISBN : 9781484360750

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Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment by Antoine Bouveret Pdf

Cyber risk has emerged as a key threat to financial stability, following recent attacks on financial institutions. This paper presents a novel documentation of cyber risk around the world for financial institutions by analyzing the different types of cyber incidents (data breaches, fraud and business disruption) and identifying patterns using a variety of datasets. The other novel contribution that is outlined is a quantitative framework to assess cyber risk for the financial sector. The framework draws on a standard VaR type framework used to assess various types of stability risk and can be easily applied at the individual country level. The framework is applied in this paper to the available cross-country data and yields illustrative aggregated losses for the financial sector in the sample across a variety of scenarios ranging from 10 to 30 percent of net income.

At the Nexus of Cybersecurity and Public Policy

Author : National Research Council,Division on Engineering and Physical Sciences,Computer Science and Telecommunications Board,Committee on Developing a Cybersecurity Primer: Leveraging Two Decades of National Academies Work
Publisher : National Academies Press
Page : 150 pages
File Size : 44,9 Mb
Release : 2014-06-16
Category : Computers
ISBN : 9780309303217

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At the Nexus of Cybersecurity and Public Policy by National Research Council,Division on Engineering and Physical Sciences,Computer Science and Telecommunications Board,Committee on Developing a Cybersecurity Primer: Leveraging Two Decades of National Academies Work Pdf

We depend on information and information technology (IT) to make many of our day-to-day tasks easier and more convenient. Computers play key roles in transportation, health care, banking, and energy. Businesses use IT for payroll and accounting, inventory and sales, and research and development. Modern military forces use weapons that are increasingly coordinated through computer-based networks. Cybersecurity is vital to protecting all of these functions. Cyberspace is vulnerable to a broad spectrum of hackers, criminals, terrorists, and state actors. Working in cyberspace, these malevolent actors can steal money, intellectual property, or classified information; impersonate law-abiding parties for their own purposes; damage important data; or deny the availability of normally accessible services. Cybersecurity issues arise because of three factors taken together - the presence of malevolent actors in cyberspace, societal reliance on IT for many important functions, and the presence of vulnerabilities in IT systems. What steps can policy makers take to protect our government, businesses, and the public from those would take advantage of system vulnerabilities? At the Nexus of Cybersecurity and Public Policy offers a wealth of information on practical measures, technical and nontechnical challenges, and potential policy responses. According to this report, cybersecurity is a never-ending battle; threats will evolve as adversaries adopt new tools and techniques to compromise security. Cybersecurity is therefore an ongoing process that needs to evolve as new threats are identified. At the Nexus of Cybersecurity and Public Policy is a call for action to make cybersecurity a public safety priority. For a number of years, the cybersecurity issue has received increasing public attention; however, most policy focus has been on the short-term costs of improving systems. In its explanation of the fundamentals of cybersecurity and the discussion of potential policy responses, this book will be a resource for policy makers, cybersecurity and IT professionals, and anyone who wants to understand threats to cyberspace.

Measuring and Managing Information Risk

Author : Jack Freund,Jack Jones
Publisher : Butterworth-Heinemann
Page : 411 pages
File Size : 54,8 Mb
Release : 2014-08-23
Category : Computers
ISBN : 9780127999326

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Measuring and Managing Information Risk by Jack Freund,Jack Jones Pdf

Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk. Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization. Carefully balances theory with practical applicability and relevant stories of successful implementation. Includes examples from a wide variety of businesses and situations presented in an accessible writing style.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar
Publisher : International Monetary Fund
Page : 35 pages
File Size : 41,6 Mb
Release : 2021-10-22
Category : Business & Economics
ISBN : 9781589063952

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Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar Pdf

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Cyber War

Author : Richard A. Clarke,Robert K. Knake
Publisher : Harper Collins
Page : 318 pages
File Size : 55,6 Mb
Release : 2010-04-02
Category : History
ISBN : 9780061992391

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Cyber War by Richard A. Clarke,Robert K. Knake Pdf

An essential, eye-opening book about cyberterrorism, cyber war, and the next great threat to our national security. “Cyber War may be the most important book about national security policy in the last several years.” –Slate Former presidential advisor and counter-terrorism expert Richard A. Clarke sounds a timely and chilling warning about America’s vulnerability in a terrifying new international conflict. Cyber War is a powerful book about technology, government, and military strategy; about criminals, spies, soldiers, and hackers. It explains clearly and convincingly what cyber war is, and how vulnerable we are as a nation and as individuals to the vast and looming web of cyber criminals. Every concerned American should read this startling and explosive book that offers an insider’s view of White House ‘Situation Room’ operations and carries the reader to the frontlines of our cyber defense. Cyber War exposes a virulent threat to our nation’s security.

Financial Cybersecurity Risk Management

Author : Paul Rohmeyer,Jennifer L. Bayuk
Publisher : Apress
Page : 276 pages
File Size : 50,9 Mb
Release : 2018-12-13
Category : Computers
ISBN : 9781484241943

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Financial Cybersecurity Risk Management by Paul Rohmeyer,Jennifer L. Bayuk Pdf

Understand critical cybersecurity and risk perspectives, insights, and tools for the leaders of complex financial systems and markets. This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals. Information is provided to help in the analysis of cyber challenges and choosing between risk treatment options. Financial cybersecurity is a complex, systemic risk challenge that includes technological and operational elements. The interconnectedness of financial systems and markets creates dynamic, high-risk environments where organizational security is greatly impacted by the level of security effectiveness of partners, counterparties, and other external organizations. The result is a high-risk environment with a growing need for cooperation between enterprises that are otherwise direct competitors. There is a new normal of continuous attack pressures that produce unprecedented enterprise threats that must be met with an array of countermeasures. Financial Cybersecurity Risk Management explores a range of cybersecurity topics impacting financial enterprises. This includes the threat and vulnerability landscape confronting the financial sector, risk assessment practices and methodologies, and cybersecurity data analytics. Governance perspectives, including executive and board considerations, are analyzed as are the appropriate control measures and executive risk reporting. What You’ll Learn Analyze the threat and vulnerability landscape confronting the financial sector Implement effective technology risk assessment practices and methodologies Craft strategies to treat observed risks in financial systemsImprove the effectiveness of enterprise cybersecurity capabilities Evaluate critical aspects of cybersecurity governance, including executive and board oversight Identify significant cybersecurity operational challenges Consider the impact of the cybersecurity mission across the enterpriseLeverage cybersecurity regulatory and industry standards to help manage financial services risksUse cybersecurity scenarios to measure systemic risks in financial systems environmentsApply key experiences from actual cybersecurity events to develop more robust cybersecurity architectures Who This Book Is For Decision makers, cyber leaders, and front-line professionals, including: chief risk officers, operational risk officers, chief information security officers, chief security officers, chief information officers, enterprise risk managers, cybersecurity operations directors, technology and cybersecurity risk analysts, cybersecurity architects and engineers, and compliance officers

Cybersecurity in Poland

Author : Katarzyna Chałubińska-Jentkiewicz
Publisher : Springer Nature
Page : 506 pages
File Size : 52,8 Mb
Release : 2022
Category : Administrative law
ISBN : 9783030785512

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Cybersecurity in Poland by Katarzyna Chałubińska-Jentkiewicz Pdf

This open access book explores the legal aspects of cybersecurity in Poland. The authors are not limited to the framework created by the NCSA (National Cybersecurity System Act - this act was the first attempt to create a legal regulation of cybersecurity and, in addition, has implemented the provisions of the NIS Directive) but may discuss a number of other issues. The book presents international and EU regulations in the field of cybersecurity and issues pertinent to combating cybercrime and cyberterrorism. Moreover, regulations concerning cybercrime in a few select European countries are presented in addition to the problem of collision of state actions in ensuring cybersecurity and human rights. The advantages of the book include a comprehensive and synthetic approach to the issues related to the cybersecurity system of the Republic of Poland, a research perspective that takes as the basic level of analysis issues related to the security of the state and citizens, and the analysis of additional issues related to cybersecurity, such as cybercrime, cyberterrorism, and the problem of collision between states ensuring security cybernetics and human rights. The book targets a wide range of readers, especially scientists and researchers, members of legislative bodies, practitioners (especially judges, prosecutors, lawyers, law enforcement officials), experts in the field of IT security, and officials of public authorities. Most authors are scholars and researchers at the War Studies University in Warsaw. Some of them work at the Academic Centre for Cybersecurity Policy - a thinktank created by the Ministry of National Defence of the Republic of Poland. .

Cyber Risk, Market Failures, and Financial Stability

Author : Emanuel Kopp,Lincoln Kaffenberger,Christopher Wilson
Publisher : International Monetary Fund
Page : 36 pages
File Size : 48,7 Mb
Release : 2017-08-07
Category : Computers
ISBN : 9781484313787

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Cyber Risk, Market Failures, and Financial Stability by Emanuel Kopp,Lincoln Kaffenberger,Christopher Wilson Pdf

Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk.

Hands-On Cybersecurity for Finance

Author : Dr. Erdal Ozkaya,Milad Aslaner
Publisher : Packt Publishing Ltd
Page : 300 pages
File Size : 54,6 Mb
Release : 2019-01-31
Category : Computers
ISBN : 9781788831734

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Hands-On Cybersecurity for Finance by Dr. Erdal Ozkaya,Milad Aslaner Pdf

A comprehensive guide that will give you hands-on experience to study and overcome financial cyber threats Key FeaturesProtect your financial environment with cybersecurity practices and methodologiesIdentify vulnerabilities such as data manipulation and fraudulent transactionsProvide end-to-end protection within organizationsBook Description Organizations have always been a target of cybercrime. Hands-On Cybersecurity for Finance teaches you how to successfully defend your system against common cyber threats, making sure your financial services are a step ahead in terms of security. The book begins by providing an overall description of cybersecurity, guiding you through some of the most important services and technologies currently at risk from cyber threats. Once you have familiarized yourself with the topic, you will explore specific technologies and threats based on case studies and real-life scenarios. As you progress through the chapters, you will discover vulnerabilities and bugs (including the human risk factor), gaining an expert-level view of the most recent threats. You'll then explore information on how you can achieve data and infrastructure protection. In the concluding chapters, you will cover recent and significant updates to procedures and configurations, accompanied by important details related to cybersecurity research and development in IT-based financial services. By the end of the book, you will have gained a basic understanding of the future of information security and will be able to protect financial services and their related infrastructures. What you will learnUnderstand the cyber threats faced by organizationsDiscover how to identify attackersPerform vulnerability assessment, software testing, and pentestingDefend your financial cyberspace using mitigation techniques and remediation plansImplement encryption and decryptionUnderstand how Artificial Intelligence (AI) affects cybersecurityWho this book is for Hands-On Cybersecurity for Finance is for you if you are a security architect, cyber risk manager, or pentester looking to secure your organization. Basic understanding of cybersecurity tools and practices will help you get the most out of this book.

Global Trends 2040

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 54,7 Mb
Release : 2021-03
Category : Electronic
ISBN : 1646794974

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Global Trends 2040 by National Intelligence Council Pdf

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Cyber Security Intelligence and Analytics

Author : Zheng Xu,Saed Alrabaee,Octavio Loyola-González,Xiaolu Zhang,Niken Dwi Wahyu Cahyani,Nurul Hidayah Ab Rahman
Publisher : Springer Nature
Page : 1080 pages
File Size : 47,7 Mb
Release : 2022-02-26
Category : Technology & Engineering
ISBN : 9783030969080

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Cyber Security Intelligence and Analytics by Zheng Xu,Saed Alrabaee,Octavio Loyola-González,Xiaolu Zhang,Niken Dwi Wahyu Cahyani,Nurul Hidayah Ab Rahman Pdf

This book presents the outcomes of the 2022 4th International Conference on Cyber Security Intelligence and Analytics (CSIA 2022), an international conference dedicated to promoting novel theoretical and applied research advances in the interdisciplinary field of cyber-security, particularly focusing on threat intelligence, analytics, and countering cyber-crime. The conference provides a forum for presenting and discussing innovative ideas, cutting-edge research findings and novel techniques, methods and applications on all aspects of cyber-security intelligence and analytics. Due to COVID-19, authors, keynote speakers and PC committees will attend the conference online.

Advances in Cyber Security

Author : D. Frank Hsu,Dorothy Marinucci
Publisher : Fordham Univ Press
Page : 272 pages
File Size : 48,5 Mb
Release : 2013-04-03
Category : Computers
ISBN : 9780823244584

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Advances in Cyber Security by D. Frank Hsu,Dorothy Marinucci Pdf

As you read this, your computer is in jeopardy of being hacked and your identity being stolen. Read this book to protect yourselves from this threat. The world’s foremost cyber security experts, from Ruby Lee, Ph.D., the Forrest G. Hamrick professor of engineering and Director of the Princeton Architecture Laboratory for Multimedia and Security (PALMS) at Princeton University; to Nick Mankovich, Chief Information Security Officer of Royal Philips Electronics; to FBI Director Robert S. Mueller III; to Special Assistant to the President Howard A. Schmidt, share critical practical knowledge on how the cyberspace ecosystem is structured, how it functions, and what we can do to protect it and ourselves from attack and exploitation. The proliferation of social networking and advancement of information technology provide endless benefits in our living and working environments. However, these benefits also bring horrors in various forms of cyber threats and exploitations. Advances in Cyber Security collects the wisdom of cyber security professionals and practitioners from government, academia, and industry across national and international boundaries to provide ways and means to secure and sustain the cyberspace ecosystem. Readers are given a first-hand look at critical intelligence on cybercrime and security—including details of real-life operations. The vast, useful knowledge and experience shared in this essential new volume enables cyber citizens and cyber professionals alike to conceive novel ideas and construct feasible and practical solutions for defending against all kinds of adversaries and attacks. Among the many important topics covered in this collection are building a secure cyberspace ecosystem; public–private partnership to secure cyberspace; operation and law enforcement to protect our cyber citizens and to safeguard our cyber infrastructure; and strategy and policy issues to secure and sustain our cyber ecosystem.

Cyberspace and National Security

Author : Derek S. Reveron
Publisher : Georgetown University Press
Page : 258 pages
File Size : 49,9 Mb
Release : 2012-09-11
Category : Political Science
ISBN : 9781589019195

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Cyberspace and National Security by Derek S. Reveron Pdf

In a very short time, individuals and companies have harnessed cyberspace to create new industries, a vibrant social space, and a new economic sphere that are intertwined with our everyday lives. At the same time, individuals, subnational groups, and governments are using cyberspace to advance interests through malicious activity. Terrorists recruit, train, and target through the Internet, hackers steal data, and intelligence services conduct espionage. Still, the vast majority of cyberspace is civilian space used by individuals, businesses, and governments for legitimate purposes. Cyberspace and National Security brings together scholars, policy analysts, and information technology executives to examine current and future threats to cyberspace. They discuss various approaches to advance and defend national interests, contrast the US approach with European, Russian, and Chinese approaches, and offer new ways and means to defend interests in cyberspace and develop offensive capabilities to compete there. Policymakers and strategists will find this book to be an invaluable resource in their efforts to ensure national security and answer concerns about future cyberwarfare.