Reports from cybersecurity experts have shown that there has been an increase in the costs of cybersecurity. These costs have risen in two ways: through the expenses met to secure an organization through the purchase of security tools, and through the expenses incurred by an organization that has fallen victim to a cyber attack, such as regulatory compliance fines and a damaged reputation. Both of these expenses have economic implications. This is because security products and cyber attacks are almost evenly distributed. Similar cybersecurity products will cost almost the same, while the average cost of a breach will yield the same consequences in terms of direct financial loss, cost of litigations, and loss of customers. This chapter is going to look at both categories of expenses and explain why they have been going up, and what organizations can do to keep...
Hands-On Cybersecurity for Finance
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Hands-On Cybersecurity for Finance
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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)
Preface
Free Chapter
Introduction to Cybersecurity and the Economy
Cyber Crime - Who the Attackers Are
Counting the Costs
The Threat Landscape
Phishing, Spamming, and Scamming to Steal Data and Money
The Malware Plague
Vulnerabilities and Exploits
Attacking Online Banking Systems
Vulnerable Networks and Services - a Gateway for Intrusion
Responding to Service Disruption
The Human Problem - Governance Fail
Securing the Perimeter and Protecting the Assets
Threat and Vulnerability Management
Audit, Risk Management, and Incident Handling
Encryption and Cryptography for Protecting Data and Services
The Rise of the Blockchain
Artificial Intelligence and Cybersecurity
The Quantum Future
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