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)

Online banking benefits for financial services

It's important to note that providing online banking to the client isn't just about ease of use for the end customer. It also offers several benefits to the financial institute. It's important to understand them so that you're able to reflect on why the business is pushing for modernization in this sector. Banks that offer an online banking service are able to reduce costs, given the fact that many transactions are made online and the end customer no longer needs to visit a branch. This is, for the most part, the primary motivator for many banks. In addition, product placements ensure additional cross-sell opportunities; as an example, the typical online banking app won't only offer end customer the ability to perform transactions but also enable them to request at a fingertip a personal loan or apply for...