Cybersecurity In The Financial Sector As A National Security Issue


Cybersecurity In The Financial Sector As A National Security Issue
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Cybersecurity In The Financial Sector As A National Security Issue


Cybersecurity In The Financial Sector As A National Security Issue
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Author : Canada. Parliament. House of Commons. Standing Committee on Public Safety and National Security
language : en
Publisher:
Release Date : 2019

Cybersecurity In The Financial Sector As A National Security Issue written by Canada. Parliament. House of Commons. Standing Committee on Public Safety and National Security and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Computer security categories.




Countering Cyber Threats To Financial Institutions


Countering Cyber Threats To Financial Institutions
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Author : Pierre-Luc Pomerleau
language : en
Publisher: Springer Nature
Release Date : 2020-08-29

Countering Cyber Threats To Financial Institutions written by Pierre-Luc Pomerleau and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-29 with Business & Economics categories.


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.



Managing Cyber Risk In The Financial Sector


Managing Cyber Risk In The Financial Sector
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Author : Ruth Taplin
language : en
Publisher: Routledge
Release Date : 2016-01-22

Managing Cyber Risk In The Financial Sector written by Ruth Taplin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-22 with Computers categories.


Cyber risk has become increasingly reported as a major problem for financial sector businesses. It takes many forms including fraud for purely monetary gain, hacking by people hostile to a company causing business interruption or damage to reputation, theft by criminals or malicious individuals of the very large amounts of customer information (“big data”) held by many companies, misuse including accidental misuse or lack of use of such data, loss of key intellectual property, and the theft of health and medical data which can have a profound effect on the insurance sector. This book assesses the major cyber risks to businesses and discusses how they can be managed and the risks reduced. It includes case studies of the situation in different financial sectors and countries in relation to East Asia, Europe and the United States. It takes an interdisciplinary approach assessing cyber risks and management solutions from an economic, management risk, legal, security intelligence, insurance, banking and cultural perspective.



Critical Infrastructure Protection Efforts Of The Financial Services Sector To Address Cyber Threats Report To The Subcommittee On Domestic Monetary Policy Technology And Economic Growth Committee On Financial Services House Of Representatives


Critical Infrastructure Protection Efforts Of The Financial Services Sector To Address Cyber Threats Report To The Subcommittee On Domestic Monetary Policy Technology And Economic Growth Committee On Financial Services House Of Representatives
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Author :
language : en
Publisher: DIANE Publishing
Release Date :

Critical Infrastructure Protection Efforts Of The Financial Services Sector To Address Cyber Threats Report To The Subcommittee On Domestic Monetary Policy Technology And Economic Growth Committee On Financial Services House Of Representatives written by and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.




Sweden


Sweden
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-04-05

Sweden written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-05 with categories.


Sweden: Financial Sector Assessment Program-Technical Note on Cybersecurity Risk Supervision and Oversight



Cyber Risk For The Financial Sector A Framework For Quantitative Assessment


Cyber Risk For The Financial Sector A Framework For Quantitative Assessment
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Author : Antoine Bouveret
language : en
Publisher: International Monetary Fund
Release Date : 2018-06-22

Cyber Risk For The Financial Sector A Framework For Quantitative Assessment written by Antoine Bouveret and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-22 with Computers categories.


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.



Cybersecurity And Data Protection In The Financial Sector


Cybersecurity And Data Protection In The Financial Sector
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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
language : en
Publisher:
Release Date : 2012

Cybersecurity And Data Protection In The Financial Sector written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.




Cybersecurity In Finance


Cybersecurity In Finance
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Author : Sylvain Bouyon
language : en
Publisher: Rowman & Littlefield
Release Date : 2018-12-31

Cybersecurity In Finance written by Sylvain Bouyon and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-31 with Political Science categories.


In the midst of several large cyberattacks in 2017, the European Commission adopted its multi-sector cybersecurity package in September of that same year. Whereas this initiative can be expected to contribute to strengthening the cyber-resilience and response of EU financial firms, several policy issues and unanswered questions remain. In order to analyse the issues that are considered to be relevant to financial fields (retail banking, corporate banking, capital markets, financial infrastructure and insurance), CEPS-ECRI organised a Task Force between September 2017 and May 2018 with a group of experts from the financial industry, tech industry, national supervisors and European institutions, as well from a consumer association and a law firm. In this book, based on the Final Report, the Task Force members identify nine policy issues that need to be further addressed in order to bolster the financial industry’s cyber-resilience against current and future threats.



At The Nexus Of Cybersecurity And Public Policy


At The Nexus Of Cybersecurity And Public Policy
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2014-06-16

At The Nexus Of Cybersecurity And Public Policy written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-16 with Computers categories.


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.



Cyber Risk Market Failures And Financial Stability


Cyber Risk Market Failures And Financial Stability
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Author : Emanuel Kopp
language : en
Publisher: International Monetary Fund
Release Date : 2017-08-07

Cyber Risk Market Failures And Financial Stability written by Emanuel Kopp and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-07 with Business & Economics categories.


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.