Financial Cybersecurity Risk Management

Financial Cybersecurity Risk Management PDF Author: Paul Rohmeyer
Publisher: Apress
ISBN: 1484241940
Category : Computers
Languages : en
Pages : 276

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Book Description
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

Financial Cybersecurity Risk Management

Financial Cybersecurity Risk Management PDF Author: Paul Rohmeyer
Publisher: Apress
ISBN: 1484241940
Category : Computers
Languages : en
Pages : 276

Get Book Here

Book Description
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

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

Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment PDF Author: Antoine Bouveret
Publisher: International Monetary Fund
ISBN: 1484360753
Category : Computers
Languages : en
Pages : 29

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Book Description
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.

Cyber Risk, Market Failures, and Financial Stability

Cyber Risk, Market Failures, and Financial Stability PDF Author: Emanuel Kopp
Publisher: International Monetary Fund
ISBN: 148431378X
Category : Computers
Languages : en
Pages : 36

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Book Description
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.

Critical Infrastructure Protection

Critical Infrastructure Protection PDF Author: E. Goetz
Publisher: Springer
ISBN: 0387754628
Category : Computers
Languages : en
Pages : 394

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Book Description
The information infrastructure--comprising computers, embedded devices, networks and software systems--is vital to operations in every sector. Global business and industry, governments, and society itself, cannot function effectively if major components of the critical information infrastructure are degraded, disabled or destroyed. This book contains a selection of 27 edited papers from the First Annual IFIP WG 11.10 International Conference on Critical Infrastructure Protection.

Strategic Cyber Deterrence

Strategic Cyber Deterrence PDF Author: Scott Jasper
Publisher: Rowman & Littlefield
ISBN: 1538104903
Category : Political Science
Languages : en
Pages : 271

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Book Description
According to the FBI, about 4000 ransomware attacks happen every day. In the United States alone, victims lost $209 million to ransomware in the first quarter of 2016. Even worse is the threat to critical infrastructure, as seen by the malware infections at electrical distribution companies in Ukraine that caused outages to 225,000 customers in late 2015. Further, recent reports on the Russian hacks into the Democratic National Committee and subsequent release of emails in a coercive campaign to apparently influence the U.S. Presidential Election have brought national attention to the inadequacy of cyber deterrence. The U.S. government seems incapable of creating an adequate strategy to alter the behavior of the wide variety of malicious actors seeking to inflict harm or damage through cyberspace. This book offers a systematic analysis of the various existing strategic cyber deterrence options and introduces the alternative strategy of active cyber defense. It examines the array of malicious actors operating in the domain, their methods of attack, and their motivations. It also provides answers on what is being done, and what could be done, by the government and industry to convince malicious actors that their attacks will not succeed and that risk of repercussions exists. Traditional deterrence strategies of retaliation, denial and entanglement appear to lack the necessary conditions of capability, credibly, and communications due to these malicious actors’ advantages in cyberspace. In response, the book offers the option of adopting a strategy of active cyber defense that combines internal systemic resilience to halt cyber attack progress with external disruption capacities to thwart malicious actors’ objectives. It shows how active cyber defense is technically capable and legally viable as an alternative strategy for the deterrence of cyber attacks.

Enhancing the Role of Insurance in Cyber Risk Management

Enhancing the Role of Insurance in Cyber Risk Management PDF Author: Organization for Economic Cooperation and Development
Publisher: Organization for Economic Co-Operation & Development
ISBN: 9789264282131
Category : Computer crimes
Languages : en
Pages : 0

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Book Description
The digital transformation of economic activities is creating significant opportunities for innovation, convenience and efficiency. However, recent major incidents have highlighted the digital security and privacy protection risks that come with an increased reliance on digital technologies. While not a substitute for investing in cyber security and risk management, insurance coverage for cyber risk can make a significant contribution to the management of cyber risk by promoting awareness about exposure to cyber losses, sharing expertise on risk management, encouraging investment in risk reduction and facilitating the response to cyber incidents. This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives to address those challenges. It includes a number of policy recommendations which support the development of the cyber insurance market and contribute to improving the management of cyber risk.

Security Risk Assessment

Security Risk Assessment PDF Author: Genserik Reniers
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 311049776X
Category : Science
Languages : en
Pages : 208

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Book Description
This book deals with the state-of-the-art of physical security knowledge and research in the chemical and process industries. Legislation differences between Europe and the USA are investigated, followed by an overview of the how, what and why of contemporary security risk assessment in this particular industrial sector. Innovative solutions such as attractiveness calculations and the use of game theory, advancing the present science of adversarial risk analysis, are discussed. The book further stands up for developing and employing dynamic security risk assessments, for instance based on Bayesian networks, and using OR methods to truly move security forward in the chemical and process industries.

Ship Operations

Ship Operations PDF Author: Baris Soyer
Publisher: Taylor & Francis
ISBN: 1000175774
Category : Law
Languages : en
Pages : 346

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Book Description
This book covers in one handy volume all the major topics associated with ship operations. Carefully, co-ordinated to ensure breadth, relevance and lack of overlap, the topics covered are addressed by authors are the very top of their profession, whether in legal practice or academia, and are presented in a manner which is topical and clear. Part I offers a detailed and critical analysis of issues of contemporary importance concerning new liability regimes and developments. Part 2 discusses how parties, in particular ship operators, attempt in contemporary practice to allocate their risks concerning ship operations. Part 3 evaluates the legal position of those involved in more ‘back office’ operations. The book provides an invaluable guide to recent legal and practical developments and offers a comprehensive, well-informed and thoroughly practical guide on what is a very complex and developing area of law. It will therefore be of great use to legal practitioners and administrators of ship operations worldwide, as well as students in this area and academics associated with maritime law generally.

Advances in Cybersecurity Management

Advances in Cybersecurity Management PDF Author: Kevin Daimi
Publisher: Springer Nature
ISBN: 3030713814
Category : Computers
Languages : en
Pages : 497

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Book Description
This book concentrates on a wide range of advances related to IT cybersecurity management. The topics covered in this book include, among others, management techniques in security, IT risk management, the impact of technologies and techniques on security management, regulatory techniques and issues, surveillance technologies, security policies, security for protocol management, location management, GOS management, resource management, channel management, and mobility management. The authors also discuss digital contents copyright protection, system security management, network security management, security management in network equipment, storage area networks (SAN) management, information security management, government security policy, web penetration testing, security operations, and vulnerabilities management. The authors introduce the concepts, techniques, methods, approaches and trends needed by cybersecurity management specialists and educators for keeping current their cybersecurity management knowledge. Further, they provide a glimpse of future directions where cybersecurity management techniques, policies, applications, and theories are headed. The book is a rich collection of carefully selected and reviewed manuscripts written by diverse cybersecurity management experts in the listed fields and edited by prominent cybersecurity management researchers and specialists.

Cyber Mercenaries

Cyber Mercenaries PDF Author: Tim Maurer
Publisher: Cambridge University Press
ISBN: 1108580262
Category : Law
Languages : en
Pages : 267

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Book Description
Cyber Mercenaries explores the secretive relationships between states and hackers. As cyberspace has emerged as the new frontier for geopolitics, states have become entrepreneurial in their sponsorship, deployment, and exploitation of hackers as proxies to project power. Such modern-day mercenaries and privateers can impose significant harm undermining global security, stability, and human rights. These state-hacker relationships therefore raise important questions about the control, authority, and use of offensive cyber capabilities. While different countries pursue different models for their proxy relationships, they face the common challenge of balancing the benefits of these relationships with their costs and the potential risks of escalation. This book examines case studies in the United States, Iran, Syria, Russia, and China for the purpose of establishing a framework to better understand and manage the impact and risks of cyber proxies on global politics.