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: 925

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.

Central Bank Risk Management Fintech and Cybersecurity

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 ...

Author: Mr. Ashraf Khan

Publisher: International Monetary Fund

ISBN: 1513582348

Category: Business & Economics

Page: 74

View: 737

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.

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: 705

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.

Financial Cybersecurity Risk Management

This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals.

Author: Paul Rohmeyer

Publisher: Apress

ISBN: 1484241940

Category: Computers

Page: 259

View: 174

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 systems Improve 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 enterprise Leverage cybersecurity regulatory and industry standards to help manage financial services risks Use cybersecurity scenarios to measure systemic risks in financial systems environments Apply 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

Blockchain Fintech and Islamic Finance

(CB Insights, 2018; PwC, 2016c) show that cybersecurity management is the top concern of stakeholders of the fintech industry ... In addition, one of the major challenges from the end users is lack of awareness of cyber or digital risks ...

Author: Hazik Mohamed

Publisher: Walter de Gruyter GmbH & Co KG

ISBN: 154740096X

Category: Business & Economics

Page: 236

View: 336

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.

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: 397

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.

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: 415

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.

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: 362

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.

Fostering Innovation and Competitiveness With FinTech RegTech and SupTech

Ensuring Cybersecurity in FinTech: Key Trends and Solutions. ... The Digital Underground Economy: A Social Network Approach to Understanding Cybercrime. https://www.sigma.com.pl/pliki/albums/userpics/10007/Virtua Zakrzewski, A., Tang, ...

Author: Boitan, Iustina Alina

Publisher: IGI Global

ISBN: 1799843912

Category: Business & Economics

Page: 313

View: 806

Due to the emergence of innovative technologies, various professional fields are transforming their traditional business practices. Specifically, the financial and legal markets are experiencing this digital transformation as professionals and researchers are finding ways to improve efficiency, personalization, and security in these economic sectors. Significant research is needed to keep pace with the continuous advancements that are taking place in finance. Fostering Innovation and Competitiveness with FinTech, RegTech, and SupTech provides emerging research exploring the theoretical and practical aspects of technologically innovative mechanisms and applications within the financial, economic, and legal markets. Featuring coverage on a broad range of topics such as crowdfunding platforms, crypto-assets, and blockchain technology, this book is ideally designed for researchers, economists, practitioners, policymakers, analysts, managers, executives, educators, and students seeking current research on the strategic role of technology in the future development of financial and economic activity.

Cybersecurity in Emerging Digital Era

The Fintech companies should make themselves able to cope up with the language barrier especially for the country having multiple ... Business Analytics and Cyber Security Management in Organizations, IGI Global Publications (2016) 8.

Author: Rajeev Agrawal

Publisher: Springer Nature

ISBN: 3030848426

Category: Computers

Page: 153

View: 425

This book constitutes selected and revised papers from the First International Conference on Cybersecurity in Emerging Digital Era, ICCEDE 2020, held in Greater Noida, India, in October 2020. Due to the COVID-19 pandemic the conference was held online. The 9 full papers and 2 short papers presented in this volume were thoroughly reviewed and selected from 193 submissions. The papers are organized in topical sections on ​cyber security issues and challenges in emerging digital era; security resilience in contemporary applications.