Understanding Cybersecurity Management in FinTech

This book uncovers the idea of understanding cybersecurity management in FinTech.

Author: Gurdip Kaur

Publisher: Springer Nature

ISBN: 3030799158

Category: Business & Economics

Page: 182

View: 937

This book uncovers the idea of understanding cybersecurity management in FinTech. It commences with introducing fundamentals of FinTech and cybersecurity to readers. It emphasizes on the importance of cybersecurity for financial institutions by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in FinTech. The book helps readers understand cyber threat landscape comprising different threat categories that can exploit different types of vulnerabilties identified in FinTech. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software and addresses the challenges in managing cyber risks in FinTech. The authors discuss detailed cybersecurity policies and strategies that can be used to secure financial institutions and provide recommendations to secure financial institutions from cyber-attacks.

Understanding Cybersecurity Law and Digital Privacy

The third part of the UCS entitled Understanding Cybersecurity Management in Fintech (UCMF) is also under process and will be released from August for 6 months. The published books and papers in the Understanding Cybersecurity Series ...

Author: Melissa Lukings

Publisher: Springer Nature

ISBN: 3030887049

Category: Business & Economics

Page: 180

View: 530

Cybersecurity, data privacy law, and the related legal implications overlap into a relevant and developing area in the legal field. However, many legal practitioners lack the foundational understanding of computer processes which are fundamental for applying existing and developing legal structures to the issue of cybersecurity and data privacy. At the same time, those who work and research in cybersecurity are often unprepared and unaware of the nuances of legal application. This book translates the fundamental building blocks of data privacy and (cyber)security law into basic knowledge that is equally accessible and educational for those working and researching in either field, those who are involved with businesses and organizations, and the general public.

Central Bank Risk Management Fintech and Cybersecurity

Central Bank Risk Management, Fintech, and Cybersecurity (b) Main topics of discussion (2018-2020) (a) Interactions (missions, advice, discussions) by region (20182020) 2 1 8 1 6 6 4 2 5 Digital Payments Fintech Organization Risk Cyber ...

Author: Mr. Ashraf Khan

Publisher: International Monetary Fund

ISBN: 1513582348

Category: Business & Economics

Page: 74

View: 644

Based on technical assistance to central banks by the IMF’s Monetary and Capital Markets Department and Information Technology Department, this paper examines fintech and the related area of cybersecurity from the perspective of central bank risk management. The paper draws on findings from the IMF Article IV Database, selected FSAP and country cases, and gives examples of central bank risks related to fintech and cybersecurity. The paper highlights that fintech- and cybersecurity-related risks for central banks should be addressed by operationalizing sound internal risk management by establishing and strengthening an integrated risk management approach throughout the organization, including a dedicated risk management unit, ongoing sensitizing and training of Board members and staff, clear reporting lines, assessing cyber resilience and security posture, and tying risk management into strategic planning.. Given the fast-evolving nature of such risks, central banks could make use of timely and regular inputs from external experts.

Blockchain Fintech and Islamic Finance

(CB Insights, 2018; PwC, 2016c) show that cybersecurity management is the top concern of stakeholders of the fintech industry and also the traditional financial industry who are seeking to hire or build in-house fintech outfits or want ...

Author: Hazik Mohamed

Publisher: Walter de Gruyter GmbH & Co KG

ISBN: 154740096X

Category: Business & Economics

Page: 236

View: 553

While creating new forms (Shari'ah-compliant standards) to operationalize Islamic values and ethics into the current conventional economic system and banking products is crucial to sustain the Islamic economy as it is today, we also need to develop new strategies to cope with the next economic evolution. The digital revolution in financial services is under way, and digital disruption has the potential to shrink the role and relevance of today’s banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. This forward-looking book discusses the crucial innovation, structural and institutional development for financial technologies (fintech) in Islamic finance. The authors explain concepts in fintech and blockchain technology and follow through with their applications, challenges and evolving nature. The book provides insights into technology which will enable and enhance actual prescribed Islamic behaviors in modern economic transactions. Case studies highlight how to cope with modern transactional behavior with the advent of global online/mobile markets, shorter attention spans, and impersonal trade exchange.

Advances in Cybersecurity Management

Table 7.1 Cybersecurity management domains, discussed concepts, and blockchain's impact Cybersecurity management ... by design” reputation, especially that cryptocurrencies and Fintech are two of blockchain's major applications [12].

Author: Kevin Daimi

Publisher: Springer Nature

ISBN: 3030713814

Category: Computers

Page: 497

View: 339

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.

Influence of FinTech on Management Transformation

“As you may know, the challenge of increased competition from new FinTechs is of great concern in this sector. The FinTech start-ups are focusing on ... Cyber Attacks Another challenge that emerged from data analysis was cyber-attacks.

Author: Sghari, Amira

Publisher: IGI Global

ISBN: 1799871126

Category: Business & Economics

Page: 273

View: 363

Digital financial services are starting to become increasingly popular with consumers, thereby fostering a favorable climate for digital entrepreneurship: mobile payment, Blockchain, etc. Research trying to understand and explain this phenomenon focuses on FinTech. Some scholars regard “FinTech” as financial innovations that upset the market while others view them as startups, based on financial innovations, that have changed the ecosystem. There are many open-ended questions about FinTech’s business models, how it relates to blockchain, and whether this is a collaborative relationship between traditional financial players or a competitive relationship. Noting the lack of research work on these themes, this book attempts to shed light on this area to bridge the gap between the discourse of practitioners and the literature. Influence of FinTech on Management Transformation is an innovative reference book that defines FinTech and its ecosystem as well as concepts in relation to management transformations caused by FinTech and shares new theoretical and empirical frameworks, useful experiences, and best practices to deal with new technological changes. The chapters are divided into three interrelated sections: “Insights From the Blockchain Technology”; “Managerial and Cultural Transformations in the Era of FinTech”; and “Empirical Experiences and Applications.” This book is a valuable reference tool for financial planners/advisors, managers, accountants, financial analysts, compliance experts, practitioners, researchers, academicians, and students interested in the influence of FinTech on management transformation.

The Economics of Fintech

for its ability to calculate risk during periods of significant downturn in the financial markets.3 In explaining the portfolio selection problem so far, ... 2METI (2017) “Cybersecurity Management Guidelines Ver 2.0” (Japanese only).

Author: Sahoko Kaji

Publisher: Springer Nature

ISBN: 9813349131

Category: Business & Economics

Page: 210

View: 822

This book is a collection of academic lectures given on fintech, a topic that has been written about extensively but only from a business or technological point of view. In contrast to other publications on the subject, this book shows the reader how fintech should be understood in relation to economics, financial theory, policy, and law. It provides introductory explanations on fintech-related concepts and instruments such as blockchains, crypto assets, machine learning, high-frequency trading, and AI. The collected lectures also point to surrounding issues including start-ups, monetary policy, asset management, cyber and other security, and stability of financial systems. The authors include professors, a former central bank official, current officials at Japan’s Financial Services Authority, a lawyer, the former dean of the Asian Development Bank Institute, and private sector professionals at the frontline of fintech. The book is most suitable for those both within and outside of academia who are beginning to learn about fintech and wish to successfully take part in the revolution that is certain to have wide-ranging effects on our economy and society.

Fintech Explained

One of the first areas to be explored by fintechs, alternave lending has been around since 2005, when the UK-based P2P ... risk management, loan servicing) and increasing concerns around cybersecurity{36} and rising interest rates.

Author: Ana Maria Minescu

Publisher: epubli

ISBN: 3746743877

Category: Business & Economics

Page: 269

View: 497

We live in times of change. Banks continue to be all about money. But money is less and less about banks. Nowadays people pay, send money, borrow, lend, invest and secure financing for projects increasingly without the involvement of banks. Understanding the fintech phenomenon is an imperative for us all. "Fintech Explained" covers some of the main themes related to fintech: P2P lending, alternative payments, blockchain, cryptocurrencies and wealthtech. This book is addressed to a broad audience and consequently is aiming to cover potential concerns from all of them: students, finance and banking professionals and in general all readers who are passionate about innovation, technology and finance, and who are keen to stay up-to-date with the fast-paced developments that are occurring around us. The book is hopefully answering many questions, but it aims to set the ground where additional further questions will be asked. By you, the readers.

Cross Industry Applications of Cyber Security Frameworks

Analysing the effects of FinTech variables on cybersecurity: Evidence form Iraqi Banks. International Journal of Research in Business and Social Science, 9(6), 123–133. Ashraf & Majid. (2021). Central Bank Risk Management, Fintech and ...

Author: Baral, Sukanta Kumar

Publisher: IGI Global

ISBN: 1668434504

Category: Computers

Page: 244

View: 248

Data is the most important commodity, which is why data protection has become a global priority. Data breaches and security flaws can jeopardize the global economy. Organizations face a greater risk of failing to achieve strategy and business goals as cyber threat behavior grows in frequency, sophistication, and destructiveness. A breach can result in data loss, business interruption, brand and reputation harm, as well as regulatory and legal consequences. A company needs a well-thought-out cybersecurity strategy to secure its critical infrastructure and information systems in order to overcome these challenges. Cross-Industry Applications of Cyber Security Frameworks provides an understanding of the specific, standards-based security controls that make up a best practice cybersecurity program. It is equipped with cross-industry applications of cybersecurity frameworks, best practices for common practices, and suggestions that may be highly relevant or appropriate in every case. Covering topics such as legal frameworks, cybersecurity in FinTech, and open banking, this premier reference source is an essential resource for executives, business leaders, managers, entrepreneurs, IT professionals, government officials, hospital administrators, educational administrators, privacy specialists, researchers, and academicians.


cross-border payments, asset management, customer data and identity management, and settlement and clearing of securities. ... audit programmes and incident response plans.126 Voluntarily adopting frameworks on cybersecurity and other ...

Author: Madir, Jelena

Publisher: Edward Elgar Publishing

ISBN: 1800375956

Category: Law

Page: 576

View: 254

This fully updated and revised second edition provides a practical examination of the opportunities and challenges presented by the rapid development of FinTech in recent years, particularly for regulators, who must decide how to apply current law to ever-changing concepts driven by continually advancing technologies. It addresses new legislative guidance on the treatment of cryptoassets and smart contracts, the European Commission’s Digital Finance Strategy and FinTech Action Plan, as well as analysing significant recent cases.