Download or read book Financial Cybersecurity Risk Management written by Paul Rohmeyer and published by Apress. This book was released on 2018-12-13 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Cyber Risk for the Financial Sector A Framework for Quantitative Assessment written by Antoine Bouveret and published by International Monetary Fund. This book was released on 2018-06-22 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Cyber Risk Market Failures and Financial Stability written by Emanuel Kopp and published by International Monetary Fund. This book was released on 2017-08-07 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Critical Infrastructure Protection written by E. Goetz and published by Springer. This book was released on 2007-11-07 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Strategic Cyber Deterrence written by Scott Jasper and published by Rowman & Littlefield. This book was released on 2017-07-08 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Enhancing the Role of Insurance in Cyber Risk Management written by Organization for Economic Cooperation and Development and published by Organization for Economic Co-Operation & Development. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Butterfly Defect written by Ian Goldin and published by Princeton University Press. This book was released on 2015-10-20 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to better manage systemic risks—from cyber attacks and pandemics to financial crises and climate change—in a globalized world The Butterfly Defect addresses the widening gap between the new systemic risks generated by globalization and their effective management. It shows how the dynamics of turbo-charged globalization has the potential and power to destabilize our societies. Drawing on the latest insights from a wide variety of disciplines, Ian Goldin and Mike Mariathasan provide practical guidance for how governments, businesses, and individuals can better manage globalization and risk. Goldin and Mariathasan demonstrate that systemic risk issues are now endemic everywhere—in supply chains, pandemics, infrastructure, ecology and climate change, economics, and politics. Unless we address these concerns, they will lead to greater protectionism, xenophobia, nationalism, and, inevitably, deglobalization, rising inequality, conflict, and slower growth. The Butterfly Defect shows that mitigating uncertainty and risk in an interconnected world is an essential task for our future.

Download or read book Security Risk Assessment written by Genserik Reniers and published by Walter de Gruyter GmbH & Co KG. This book was released on 2017-11-20 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Ship Operations written by Baris Soyer and published by Taylor & Francis. This book was released on 2020-12-01 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Advances in Cybersecurity Management written by Kevin Daimi and published by Springer Nature. This book was released on 2021-06-15 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Cyber Mercenaries written by Tim Maurer and published by Cambridge University Press. This book was released on 2018-01-18 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Protecting Industrial Control Systems from Electronic Threats written by Joseph Weiss and published by Momentum Press. This book was released on 2010 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aimed at both the novice and expert in IT security and industrial control systems (ICS), this book will help readers gain a better understanding of protecting ICSs from electronic threats. Cyber security is getting much more attention and "SCADA security" (Supervisory Control and Data Acquisition) is a particularly important part of this field, as are Distributed Control Systems (DCS), Programmable Logic Controllers (PLCs), Remote Terminal Units (RTUs), Intelligent Electronic Devices (IEDs), and all the other, field controllers, sensors, drives, and emission controls that make up the "intelligence" of modern industrial buildings and facilities. Some Key Features include: How to better understand the convergence between Industrial Control Systems (ICS) and general IT systems Insight into educational needs and certifications How to conduct Risk and Vulnerability Assessments Descriptions and observations from malicious and unintentional ICS cyber incidents Recommendations for securing ICS

Download or read book Cybersecurity Policies and Strategies for Cyberwarfare Prevention written by Richet, Jean-Loup and published by IGI Global. This book was released on 2015-07-17 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cybersecurity has become a topic of concern over the past decade as private industry, public administration, commerce, and communication have gained a greater online presence. As many individual and organizational activities continue to evolve in the digital sphere, new vulnerabilities arise. Cybersecurity Policies and Strategies for Cyberwarfare Prevention serves as an integral publication on the latest legal and defensive measures being implemented to protect individuals, as well as organizations, from cyber threats. Examining online criminal networks and threats in both the public and private spheres, this book is a necessary addition to the reference collections of IT specialists, administrators, business managers, researchers, and students interested in uncovering new ways to thwart cyber breaches and protect sensitive digital information.

Download or read book Cyber Risk Management written by Atle Refsdal and published by Springer. This book was released on 2015-10-01 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a brief and general introduction to cybersecurity and cyber-risk assessment. Not limited to a specific approach or technique, its focus is highly pragmatic and is based on established international standards (including ISO 31000) as well as industrial best practices. It explains how cyber-risk assessment should be conducted, which techniques should be used when, what the typical challenges and problems are, and how they should be addressed. The content is divided into three parts. First, part I provides a conceptual introduction to the topic of risk management in general and to cybersecurity and cyber-risk management in particular. Next, part II presents the main stages of cyber-risk assessment from context establishment to risk treatment and acceptance, each illustrated by a running example. Finally, part III details four important challenges and how to reasonably deal with them in practice: risk measurement, risk scales, uncertainty, and low-frequency risks with high consequence. The target audience is mainly practitioners and students who are interested in the fundamentals and basic principles and techniques of security risk assessment, as well as lecturers seeking teaching material. The book provides an overview of the cyber-risk assessment process, the tasks involved, and how to complete them in practice.

Download or read book Cyber Risk Surveillance A Case Study of Singapore written by Joseph Goh and published by International Monetary Fund. This book was released on 2020-02-10 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It is therefore important to integrate it into financial sector surveillance. This paper offers a range of analytical approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper illustrates these techniques by applying them to Singapore. As an advanced economy with a complex financial system and rapid adoption of fintech, Singapore serves as a good case study. We place our results in the context of recent cybersecurity developments in the public and private sectors, which can be a reference for surveillance work.

Download or read book Financial Crises Explanations Types and Implications written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2013-01-30 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

Download or read book Practical Vulnerability Management written by Andrew Magnusson and published by No Starch Press. This book was released on 2020-09-29 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical Vulnerability Management shows you how to weed out system security weaknesses and squash cyber threats in their tracks. Bugs: they're everywhere. Software, firmware, hardware -- they all have them. Bugs even live in the cloud. And when one of these bugs is leveraged to wreak havoc or steal sensitive information, a company's prized technology assets suddenly become serious liabilities. Fortunately, exploitable security weaknesses are entirely preventable; you just have to find them before the bad guys do. Practical Vulnerability Management will help you achieve this goal on a budget, with a proactive process for detecting bugs and squashing the threat they pose. The book starts by introducing the practice of vulnerability management, its tools and components, and detailing the ways it improves an enterprise's overall security posture. Then it's time to get your hands dirty! As the content shifts from conceptual to practical, you're guided through creating a vulnerability-management system from the ground up, using open-source software. Along the way, you'll learn how to: • Generate accurate and usable vulnerability intelligence • Scan your networked systems to identify and assess bugs and vulnerabilities • Prioritize and respond to various security risks • Automate scans, data analysis, reporting, and other repetitive tasks • Customize the provided scripts to adapt them to your own needs Playing whack-a-bug won't cut it against today's advanced adversaries. Use this book to set up, maintain, and enhance an effective vulnerability management system, and ensure your organization is always a step ahead of hacks and attacks.