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)

Threat landscape evolution

According to McAfee and the Center for Strategic International Studies, cybersecurity breaches cost $600 billion a year globally. In addition, The Economist Intelligence Unit confirms that 30% of security professionals expect a major and successful attack within 90 days. These are alarming figures and require immediate attention:

"There's no perfect security, and security isn't an endpoint - it's a never-ending journey."
– John Klemens, Technical Director of IA Solutions, Telos Corporation

A successful cyber-attack causes devastating consequences for the business. For example, in the financial services industry sector, a breach can result in a significant loss in revenue and trust with the end customer. Cyber-attacks damage the reputation of the organization. When cyber-attacks remain undetected for up to 180 days, it...