Book Image

Hands-On Cybersecurity for Finance

By : Dr. Erdal Ozkaya, Milad Aslaner
Book Image

Hands-On Cybersecurity for Finance

By: Dr. Erdal Ozkaya, Milad Aslaner

Overview of this book

Organizations have always been a target of cybercrime. Hands-On Cybersecurity for Finance teaches you how to successfully defend your system against common cyber threats, making sure your financial services are a step ahead in terms of security. The book begins by providing an overall description of cybersecurity, guiding you through some of the most important services and technologies currently at risk from cyber threats. Once you have familiarized yourself with the topic, you will explore specific technologies and threats based on case studies and real-life scenarios. As you progress through the chapters, you will discover vulnerabilities and bugs (including the human risk factor), gaining an expert-level view of the most recent threats. You'll then explore information on how you can achieve data and infrastructure protection. In the concluding chapters, you will cover recent and significant updates to procedures and configurations, accompanied by important details related to cybersecurity research and development in IT-based financial services. By the end of the book, you will have gained a basic understanding of the future of information security and will be able to protect financial services and their related infrastructures.
Table of Contents (20 chapters)

Cryptocurrencies

As mentioned earlier, Blockchain technology has been exploited more in the creation of cryptocurrencies. Cryptocurrencies are virtual currencies that are decentralized and use a peer to peer network. Since they are decentralized, they are not controlled from a single point or by a single entity. Transactions are conducted directly, that is, from the sender to the receiver without any intermediary. To achieve this, cryptocurrencies rely on peers to have a ledger with all transactions that they can use to validate new transactions. Therefore, if you are sending X amount of digital currency, the peer network will determine whether you can perform the transaction. If the transaction is validated by the peer network, it will go through and will be added to the distributed ledger that all peers have. The following diagram summarizes the process of making a cryptocurrency...