| cybersecurity requirements for financial services companies: Hands-On Cybersecurity for Finance Dr. Erdal Ozkaya, Milad Aslaner, 2019-01-31 A comprehensive guide that will give you hands-on experience to study and overcome financial cyber threats Key FeaturesProtect your financial environment with cybersecurity practices and methodologiesIdentify vulnerabilities such as data manipulation and fraudulent transactionsProvide end-to-end protection within organizationsBook Description 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. What you will learnUnderstand the cyber threats faced by organizationsDiscover how to identify attackersPerform vulnerability assessment, software testing, and pentestingDefend your financial cyberspace using mitigation techniques and remediation plansImplement encryption and decryptionUnderstand how Artificial Intelligence (AI) affects cybersecurityWho this book is for Hands-On Cybersecurity for Finance is for you if you are a security architect, cyber risk manager, or pentester looking to secure your organization. Basic understanding of cybersecurity tools and practices will help you get the most out of this book. |
| cybersecurity requirements for financial services companies: Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment Antoine Bouveret, 2018-06-22 Cyber risk has emerged as a key threat to financial stability, following recent attacks on financial institutions. This paper presents a novel documentation of cyber risk around the world for financial institutions by analyzing the different types of cyber incidents (data breaches, fraud and business disruption) and identifying patterns using a variety of datasets. The other novel contribution that is outlined is a quantitative framework to assess cyber risk for the financial sector. The framework draws on a standard VaR type framework used to assess various types of stability risk and can be easily applied at the individual country level. The framework is applied in this paper to the available cross-country data and yields illustrative aggregated losses for the financial sector in the sample across a variety of scenarios ranging from 10 to 30 percent of net income. |
| cybersecurity requirements for financial services companies: Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance El Bachir Boukherouaa, Mr. Ghiath Shabsigh, Khaled AlAjmi, Jose Deodoro, Aquiles Farias, Ebru S Iskender, Mr. Alin T Mirestean, Rangachary Ravikumar, 2021-10-22 This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight. |
| cybersecurity requirements for financial services companies: Banking Law: New York Banking Law New York (State), 1907 |
| cybersecurity requirements for financial services companies: The Most Important Concepts in Finance Benton E. Gup, 2017-11-24 Anyone trying to understand finance has to contend with the evolving and dynamic nature of the topic. Changes in economic conditions, regulations, technology, competition, globalization, and other factors regularly impact the development of the field, but certain essential concepts remain key to a good understanding. This book provides insights about the most important concepts in finance. |
| cybersecurity requirements for financial services companies: The Cybersecurity Social Contract Internet Security Internet Security Alliance, 2016-09-01 If you had 30 minutes to advise the next President on cybersecurity, what would you say? That is the question we asked the Internet Security Alliance board of directors a year ago. The answer is a 400-page, 17 chapter, book containing 106 specific recommendations. The book is written primarily by the ISA board, which consists of chief information security officers from 20 of the world's major companies cutting across 11 economic sectors. The answer begins with a 12-step program for the new administration that ranges from establishing the proper tone for addressing the issue, to strategic initiatives down to concrete operational recommendations. |
| cybersecurity requirements for financial services companies: Evidence-Based Cybersecurity Pierre-Luc Pomerleau, David Maimon, 2022-06-23 The prevalence of cyber-dependent crimes and illegal activities that can only be performed using a computer, computer networks, or other forms of information communication technology has significantly increased during the last two decades in the USA and worldwide. As a result, cybersecurity scholars and practitioners have developed various tools and policies to reduce individuals' and organizations' risk of experiencing cyber-dependent crimes. However, although cybersecurity research and tools production efforts have increased substantially, very little attention has been devoted to identifying potential comprehensive interventions that consider both human and technical aspects of the local ecology within which these crimes emerge and persist. Moreover, it appears that rigorous scientific assessments of these technologies and policies in the wild have been dismissed in the process of encouraging innovation and marketing. Consequently, governmental organizations, public, and private companies allocate a considerable portion of their operations budgets to protecting their computer and internet infrastructures without understanding the effectiveness of various tools and policies in reducing the myriad of risks they face. Unfortunately, this practice may complicate organizational workflows and increase costs for government entities, businesses, and consumers. The success of the evidence-based approach in improving performance in a wide range of professions (for example, medicine, policing, and education) leads us to believe that an evidence-based cybersecurity approach is critical for improving cybersecurity efforts. This book seeks to explain the foundation of the evidence-based cybersecurity approach, review its relevance in the context of existing security tools and policies, and provide concrete examples of how adopting this approach could improve cybersecurity operations and guide policymakers' decision-making process. The evidence-based cybersecurity approach explained aims to support security professionals', policymakers', and individual computer users' decision-making regarding the deployment of security policies and tools by calling for rigorous scientific investigations of the effectiveness of these policies and mechanisms in achieving their goals to protect critical assets. This book illustrates how this approach provides an ideal framework for conceptualizing an interdisciplinary problem like cybersecurity because it stresses moving beyond decision-makers' political, financial, social, and personal experience backgrounds when adopting cybersecurity tools and policies. This approach is also a model in which policy decisions are made based on scientific research findings. |
| cybersecurity requirements for financial services companies: Handbook of International Banking A. W. Mullineux, Victor Murinde, 2003-01-01 'The Handbook is especially recommended to MBA students and faculty and belongs in the reference collections of academic and research libraries. Although each chapter may serve as a self-contained unit, readers will want to look at the larger picture by comparing and contrasting articles found in each part of the work. It should prove to be a helpful source for those studying international banking, economics and finance, and international business.' – Lucy Heckman, American Reference Books Annual 2004 The Handbook of International Banking provides a clearly accessible source of reference material, covering the main developments that reveal how the internationalization and globalization of banking have developed over recent decades to the present, and analyses the creation of a new global financial architecture. The Handbook is the first of its kind in the area of international banking with contributions from leading specialists in their respective fields, often with remarkable experience in academia or professional practice. The material is provided mainly in the form of self-contained surveys, which trace the main developments in a well-defined topic, together with specific references to journal articles and working papers. Some contributions, however, disseminate new empirical findings especially where competing paradigms are evaluated. The Handbook is divided into four areas of interest. The first deals with the globalization of banking and continues on to banking structures and functions. The authors then focus on banking risks, crises and regulation and finally the evolving international financial architecture. Designed to serve as a source of supplementary reading and inspiration, the Handbook is suited to a range of courses in banking and finance including post-experience and in-house programmes for bankers and other financial services practitioners. This outstanding volume will become essential reference for policymakers, financial practitioners as well as academics and researchers in the field. |
| cybersecurity requirements for financial services companies: Beyond 9/11 Chappell Lawson, Alan Bersin, Juliette N. Kayyem, 2020-08-11 Drawing on two decades of government efforts to secure the homeland, experts offer crucial strategic lessons and detailed recommendations for homeland security. For Americans, the terrorist attacks of September 11, 2001, crystallized the notion of homeland security. But what does it mean to secure the homeland in the twenty-first century? What lessons can be drawn from the first two decades of U.S. government efforts to do so? In Beyond 9/11, leading academic experts and former senior government officials address the most salient challenges of homeland security today. |
| cybersecurity requirements for financial services companies: Corporate Legal Compliance Handbook, 3rd Edition Banks and Banks, 2020-06-19 Corporate Legal Compliance Handbook, Third Edition, provides the knowledge necessary to implement or enhance a compliance program in a specific company, or in a client's company. The book focuses not only on doing what is legal or what is right--the two are both important but not always the same--but also on how to make a compliance program actually work. The book is organized in a sequence that follows how to approach a compliance program. It gives the compliance officer, consultant, or attorney a good grounding in the basics of compliance law. This includes such things as the rules about corporate and individual liability, an understanding of the basics of the key laws that impact companies, and the workings of the U.S. Sentencing Guidelines. Successful programs also require an understanding of educational techniques, good communication skills, and the use of computer tools. The effective compliance program also takes into account how to deliver messages using a variety of media to reach employees in different locations, of different ages or education, who speak different languages. Note: Online subscriptions are for three-month periods. |
| cybersecurity requirements for financial services companies: The Official (ISC)2 Guide to the CISSP CBK Reference John Warsinske, Mark Graff, Kevin Henry, Christopher Hoover, Ben Malisow, Sean Murphy, C. Paul Oakes, George Pajari, Jeff T. Parker, David Seidl, Mike Vasquez, 2019-04-04 The only official, comprehensive reference guide to the CISSP All new for 2019 and beyond, this is the authoritative common body of knowledge (CBK) from (ISC)2 for information security professionals charged with designing, engineering, implementing, and managing the overall information security program to protect organizations from increasingly sophisticated attacks. Vendor neutral and backed by (ISC)2, the CISSP credential meets the stringent requirements of ISO/IEC Standard 17024. This CBK covers the new eight domains of CISSP with the necessary depth to apply them to the daily practice of information security. Written by a team of subject matter experts, this comprehensive reference covers all of the more than 300 CISSP objectives and sub-objectives in a structured format with: Common and good practices for each objective Common vocabulary and definitions References to widely accepted computing standards Highlights of successful approaches through case studies Whether you've earned your CISSP credential or are looking for a valuable resource to help advance your security career, this comprehensive guide offers everything you need to apply the knowledge of the most recognized body of influence in information security. |
| cybersecurity requirements for financial services companies: Broker-Dealer Law and Regulation, 5th Edition Poser, Fanto, Gross, |
| cybersecurity requirements for financial services companies: Cybersecurity Law Jeff Kosseff, 2022-11-10 CYBERSECURITY LAW Learn to protect your clients with this definitive guide to cybersecurity law in this fully-updated third edition Cybersecurity is an essential facet of modern society, and as a result, the application of security measures that ensure the confidentiality, integrity, and availability of data is crucial. Cybersecurity can be used to protect assets of all kinds, including data, desktops, servers, buildings, and most importantly, humans. Understanding the ins and outs of the legal rules governing this important field is vital for any lawyer or other professionals looking to protect these interests. The thoroughly revised and updated Cybersecurity Law offers an authoritative guide to the key statutes, regulations, and court rulings that pertain to cybersecurity, reflecting the latest legal developments on the subject. This comprehensive text deals with all aspects of cybersecurity law, from data security and enforcement actions to anti-hacking laws, from surveillance and privacy laws to national and international cybersecurity law. New material in this latest edition includes many expanded sections, such as the addition of more recent FTC data security consent decrees, including Zoom, SkyMed, and InfoTrax. Readers of the third edition of Cybersecurity Law will also find: An all-new chapter focused on laws related to ransomware and the latest attacks that compromise the availability of data and systems New and updated sections on new data security laws in New York and Alabama, President Biden’s cybersecurity executive order, the Supreme Court’s first opinion interpreting the Computer Fraud and Abuse Act, American Bar Association guidance on law firm cybersecurity, Internet of Things cybersecurity laws and guidance, the Cybersecurity Maturity Model Certification, the NIST Privacy Framework, and more New cases that feature the latest findings in the constantly evolving cybersecurity law space An article by the author of this textbook, assessing the major gaps in U.S. cybersecurity law A companion website for instructors that features expanded case studies, discussion questions by chapter, and exam questions by chapter Cybersecurity Law is an ideal textbook for undergraduate and graduate level courses in cybersecurity, cyber operations, management-oriented information technology (IT), and computer science. It is also a useful reference for IT professionals, government personnel, business managers, auditors, cybersecurity insurance agents, and academics in these fields, as well as academic and corporate libraries that support these professions. |
| cybersecurity requirements for financial services companies: Cybersecurity for entrepreneurs Gloria D'Anna, Zachary A. Collier, 2023-05-30 One data breach can close a small business before it even gets going. With all that is involved in starting a new business, cybersecurity can easily be overlooked but no one can afford to put it on the back burner. Cybersecurity for Entrepreneurs is the perfect book for anyone considering a new business venture. Written by cybersecurity experts from industry and academia, this book serves as an all-inclusive reference to build a baseline of cybersecurity knowledge for every small business. Authors Gloria D'Anna and Zachary A. Collier bring a fresh approach to cybersecurity using a conversational tone and a friendly character, Peter the Salesman, who stumbles into all the situations that this book teaches readers to avoid. Cybersecurity for Entrepreneurs includes securing communications, protecting financial transactions, safeguarding IoT devices, understanding cyber laws, managing risks, and assessing how much to invest in cyber security based on specific business needs. (ISBN:9781468605723 ISBN:9781468605730 ISBN:9781468605747 DOI:10.4271/9781468605730) |
| cybersecurity requirements for financial services companies: Information Compliance William Saffady, 2023-03-27 Here is a clear explanation and analysis of the fundamental principles, concepts, and issues associated with information compliance, which is broadly defined as the act or process of conforming to, acquiescing to, or obeying rules, regulations, orders, or other requirements that apply to the data, documents, images, and other information. |
| cybersecurity requirements for financial services companies: The Cybersecurity Guide to Governance, Risk, and Compliance Jason Edwards, Griffin Weaver, 2024-03-19 The Cybersecurity Guide to Governance, Risk, and Compliance Understand and respond to a new generation of cybersecurity threats Cybersecurity has never been a more significant concern of modern businesses, with security breaches and confidential data exposure as potentially existential risks. Managing these risks and maintaining compliance with agreed-upon cybersecurity policies is the focus of Cybersecurity Governance and Risk Management. This field is becoming ever more critical as a result. A wide variety of different roles and categories of business professionals have an urgent need for fluency in the language of cybersecurity risk management. The Cybersecurity Guide to Governance, Risk, and Compliance meets this need with a comprehensive but accessible resource for professionals in every business area. Filled with cutting-edge analysis of the advanced technologies revolutionizing cybersecurity, increasing key risk factors at the same time, and offering practical strategies for implementing cybersecurity measures, it is a must-own for CISOs, boards of directors, tech professionals, business leaders, regulators, entrepreneurs, researchers, and more. The Cybersecurity Guide to Governance, Risk, and Compliance also covers: Over 1300 actionable recommendations found after each section Detailed discussion of topics including AI, cloud, and quantum computing More than 70 ready-to-use KPIs and KRIs “This guide’s coverage of governance, leadership, legal frameworks, and regulatory nuances ensures organizations can establish resilient cybersecurity postures. Each chapter delivers actionable knowledge, making the guide thorough and practical.” —GARY MCALUM, CISO “This guide represents the wealth of knowledge and practical insights that Jason and Griffin possess. Designed for professionals across the board, from seasoned cybersecurity veterans to business leaders, auditors, and regulators, this guide integrates the latest technological insights with governance, risk, and compliance (GRC)”. —WIL BENNETT, CISO |
| cybersecurity requirements for financial services companies: Policies and Procedures for Your Organization John Bandler, 2024-03-08 Organizations need governance documents; those policies, procedures, and other written rules that tell the organization and employees what to do and how to do it. These documents are an important part of management to help the organization comply with legal requirements, accomplish its mission, and run efficiently. Policies have legal significance and are the first things requested by a government regulator or civil plaintiff-they could be Exhibit 1 in a lawsuit. Or they could be quality documents that keep your organization's practices in compliance and avoid a lawsuit in the first place. This book helps you and your organization build effective and quality governance documents. Policies are about both the destination and the journey. With a solid process you can improve your organization and the individuals on your project team while you create or update your documents. This is for any type of organization and can be applied to any topic and any type of governance document. Learn about the Five Components for Policy Work and how to apply them for your company, non-profit, or government entity. Some chapters and sections are devoted to cybersecurity, an essential area and you will learn about the Four Pillars of Cybersecurity. The book is well organized and modular so you can find what you need and includes an index, glossary, Quick start guide, policy checklist, over 30 diagrams, and other resources. The book is divided into helpful parts. Part 1 lays foundation of policy principles, including Bandler's Five Components for Policy Work to ensure your governance documents consider organization mission, laws, best practices, existing governance documents and practices. Part 2 provides important document project basics, including planning, people, and project management. Part 3 gets into the details of managing the document project and writing. We analyze our components and what applies, write and edit the document, manage the project team, gain approval, finalize, publish, train and implement. Part 4 is specific to cybersecurity policies and discusses laws, cybersecurity frameworks, and Bandler's Four Pillars of Cybersecurity. Part 5 is a brief overview about using, maintaining, reviewing and updating the documents to keep them current. Part 6 is the Appendix and includes a conclusion, glossary, references, policy checklist, quick start guide, and index. In sum, good policy work is an essential part of management and helps the organization comply and achieve the mission efficiently. Use this book to learn solid concepts and apply them in your organization. |
| cybersecurity requirements for financial services companies: A Handbook on Cyber Security Institute of Directors , This Handbook is specially curated for Directors and Leaders to help them better understand as well as develop policies in cyber security. A quick engaging read, it will smoothly provide all clarifications essential to Cyber Space by drawing a comprehensive overview of the cyber threat landscape, and of the strategies and technologies for managing cyber risks. It will help in: - Building a sustainable model for managing cyber risks to protect its information assets. - Familiarising corporate directors and senior leaders with strategic concepts such as Cyber vulnerabilities, Cyber security risk assessments, Developing cyber security governance, Response & recovery, and Director obligations. |
| cybersecurity requirements for financial services companies: CISO COMPASS Todd Fitzgerald, 2018-11-21 #1 Best Selling Information Security Book by Taylor & Francis in 2019, 2020, 2021 and 2022! 2020 Cybersecurity CANON Hall of Fame Winner! Todd Fitzgerald, co-author of the ground-breaking (ISC)2 CISO Leadership: Essential Principles for Success, Information Security Governance Simplified: From the Boardroom to the Keyboard, co-author for the E-C Council CISO Body of Knowledge, and contributor to many others including Official (ISC)2 Guide to the CISSP CBK, COBIT 5 for Information Security, and ISACA CSX Cybersecurity Fundamental Certification, is back with this new book incorporating practical experience in leading, building, and sustaining an information security/cybersecurity program. CISO COMPASS includes personal, pragmatic perspectives and lessons learned of over 75 award-winning CISOs, security leaders, professional association leaders, and cybersecurity standard setters who have fought the tough battle. Todd has also, for the first time, adapted the McKinsey 7S framework (strategy, structure, systems, shared values, staff, skills and style) for organizational effectiveness to the practice of leading cybersecurity to structure the content to ensure comprehensive coverage by the CISO and security leaders to key issues impacting the delivery of the cybersecurity strategy and demonstrate to the Board of Directors due diligence. The insights will assist the security leader to create programs appreciated and supported by the organization, capable of industry/ peer award-winning recognition, enhance cybersecurity maturity, gain confidence by senior management, and avoid pitfalls. The book is a comprehensive, soup-to-nuts book enabling security leaders to effectively protect information assets and build award-winning programs by covering topics such as developing cybersecurity strategy, emerging trends and technologies, cybersecurity organization structure and reporting models, leveraging current incidents, security control frameworks, risk management, laws and regulations, data protection and privacy, meaningful policies and procedures, multi-generational workforce team dynamics, soft skills, and communicating with the Board of Directors and executive management. The book is valuable to current and future security leaders as a valuable resource and an integral part of any college program for information/ cybersecurity. |
| cybersecurity requirements for financial services companies: Privacy, Regulations, and Cybersecurity Chris Moschovitis, 2021-02-04 Protect business value, stay compliant with global regulations, and meet stakeholder demands with this privacy how-to Privacy, Regulations, and Cybersecurity: The Essential Business Guide is your guide to understanding what “privacy” really means in a corporate environment: how privacy is different from cybersecurity, why privacy is essential for your business, and how to build privacy protections into your overall cybersecurity plan. First, author Chris Moschovitis walks you through our evolving definitions of privacy, from the ancient world all the way to the General Law on Data Protection (GDPR). He then explains—in friendly, accessible language—how to orient your preexisting cybersecurity program toward privacy, and how to make sure your systems are compliant with current regulations. This book—a sequel to Moschovitis’ well-received Cybersecurity Program Development for Business—explains which regulations apply in which regions, how they relate to the end goal of privacy, and how to build privacy into both new and existing cybersecurity programs. Keeping up with swiftly changing technology and business landscapes is no easy task. Moschovitis provides down-to-earth, actionable advice on how to avoid dangerous privacy leaks and protect your valuable data assets. Learn how to design your cybersecurity program with privacy in mind Apply lessons from the GDPR and other landmark laws Remain compliant and even get ahead of the curve, as privacy grows from a buzzword to a business must Learn how to protect what’s of value to your company and your stakeholders, regardless of business size or industry Understand privacy regulations from a business standpoint, including which regulations apply and what they require Think through what privacy protections will mean in the post-COVID environment Whether you’re new to cybersecurity or already have the fundamentals, this book will help you design and build a privacy-centric, regulation-compliant cybersecurity program. |
| cybersecurity requirements for financial services companies: Cyber Risk, Market Failures, and Financial Stability Emanuel Kopp, Lincoln Kaffenberger, Christopher Wilson, 2017-08-07 Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk. |
| cybersecurity requirements for financial services companies: Managing Cyber Risk in the Financial Sector Ruth Taplin, 2016-01-22 Cyber risk has become increasingly reported as a major problem for financial sector businesses. It takes many forms including fraud for purely monetary gain, hacking by people hostile to a company causing business interruption or damage to reputation, theft by criminals or malicious individuals of the very large amounts of customer information (“big data”) held by many companies, misuse including accidental misuse or lack of use of such data, loss of key intellectual property, and the theft of health and medical data which can have a profound effect on the insurance sector. This book assesses the major cyber risks to businesses and discusses how they can be managed and the risks reduced. It includes case studies of the situation in different financial sectors and countries in relation to East Asia, Europe and the United States. It takes an interdisciplinary approach assessing cyber risks and management solutions from an economic, management risk, legal, security intelligence, insurance, banking and cultural perspective. |
| cybersecurity requirements for financial services companies: The Disruptive Impact of FinTech on Retirement Systems Julie Agnew, Olivia S. Mitchell, 2019-09-06 Many people need help planning for retirement, saving, investing, and decumulating their assets, yet financial advice is often complex, potentially conflicted, and expensive. The advent of computerized financial advice offers huge promise to make accessible a more coherent approach to financial management, one that takes into account not only clients' financial assets but also human capital, home values, and retirement pensions. Robo-advisors, or automated on-line services that use computer algorithms to provide financial advice and manage customers' investment portfolios, have the potential to transform retirement systems and peoples' approach to retirement planning. This volume offers cutting-edge research and recommendations regarding the impact of financial technology, or FinTech, to disrupt retirement planning and retirement system design. |
| cybersecurity requirements for financial services companies: A financial system that creates economic opportunities Steven T. Mnuchin, Craig S. Phillips, 2017 President Donald J. Trump established the policy of his Administration to regulate the U.S. financial system in a manner consistent with a set of Core Principles. These principles were set forth in Executive Order 13772 on February 3, 2017. The U.S. Department of the Treasury (Treasury), under the direction of Secretary Steven T. Mnuchin, prepared this report in response to that Executive Order. The reports issued pursuant to the Executive Order identify laws, treaties, regulations, guidance, reporting, and record keeping requirements, and other Government policies that promote or inhibit federal regulation of the U.S. financial system in a manner consistent with the Core Principles.--Executive summary |
| cybersecurity requirements for financial services companies: The Palgrave Handbook of FinTech and Blockchain Maurizio Pompella, Roman Matousek, 2021-06-01 Financial services technology and its effect on the field of finance and banking has been of major importance within the last few years. The spread of these so-called disruptive technologies, including Blockchain, has radically changed financial markets and transformed the operation of the industry as a whole. This is the first multidisciplinary handbook of FinTech and Blockchain covering finance, economics, and legal aspects globally. With comprehensive coverage of the current landscape of financial technology alongside a forward-looking approach, the chapters are devoted to the spread of structured finance, ICT, distributed ledger technology (DLT), cybersecurity, data protection, artificial intelligence, and cryptocurrencies. Given an unprecedented 2020, the contributions also address the consequences of the current emergency, and the pandemic stroke, which is revolutionizing social and economic paradigms and heavily affecting Fintech, Blockchain, and the banking sector as well, and would be of particular interest to finance academics and researchers alongside banking and financial services professionals. |
| cybersecurity requirements for financial services companies: Cyber Security: Law and Guidance Helen Wong MBE, 2018-09-28 Implementing appropriate security measures will be an advantage when protecting organisations from regulatory action and litigation in cyber security law: can you provide a defensive shield? Cyber Security: Law and Guidance provides an overview of legal developments in cyber security and data protection in the European Union and the United Kingdom, focusing on the key cyber security laws and related legal instruments, including those for data protection and payment services. Additional context is provided through insight into how the law is developed outside the regulatory frameworks, referencing the 'Consensus of Professional Opinion' on cyber security, case law and the role of professional and industry standards for security. With cyber security law destined to become heavily contentious, upholding a robust security framework will become an advantage and organisations will require expert assistance to operationalise matters. Practical in approach, this comprehensive text will be invaluable for legal practitioners and organisations. It covers both the law and its practical application, helping to ensure that advisers and organisations have effective policies and procedures in place to deal with cyber security. Topics include: - Threats and vulnerabilities - Privacy and security in the workplace and built environment - Importance of policy and guidance in digital communications - Industry specialists' in-depth reports - Social media and cyber security - International law and interaction between states - Data security and classification - Protecting organisations - Cyber security: cause and cure Cyber Security: Law and Guidance is on the indicative reading list of the University of Kent's Cyber Law module. |
| cybersecurity requirements for financial services companies: Privacy in Practice Alan Tang, 2023-03-01 1. Equip professionals with holistic and structured knowledge regarding establishing and implementing privacy framework and program. 2. Gain practical guidance, tools, and templates to manage complex privacy and data protection subjects with cross-functional teams. 3. Gain the knowledge in measuring privacy program and operating it in a more efficient and effective manner. |
| cybersecurity requirements for financial services companies: COBIT 5 Information Systems Audit and Control Association, 2012 |
| cybersecurity requirements for financial services companies: Regulation of Cryptocurrencies and Blockchain Technologies Rosario Girasa, 2022-12-07 This second edition further explores the regulatory landscape of cryptocurrency, highlighting the rise of Bitcoin, which is based on blockchain technology, and some of the many types of coins and tokens that emerged thereafter. Although Bitcoin and other cryptocurrencies have made national and international news with their dramatic rise and decline in value, nevertheless the underlying technology is being adopted by both industry and governments, which have noted the benefits of speed, cost efficiency, and protection from hacking. Based on numerous downloaded articles, laws, cases, and other materials, the book discusses the digital transformation, the types of cryptocurrencies, key actors, and the benefits and risks. It also addresses legal issues of digital technology and the evolving U.S. federal regulation. The varying treatment by individual U.S. states is reviewed together with attempts by organizations to arrive at a uniform regulatory regime. Both civil and criminal prosecutions are highlighted with an examination of the major cases that have arisen. This second edition specifically explores the creation of stablecoins, governments issuance of their own versions of digital currencies, new regulations that have been enacted and promulgated, and a clearer examination of futuristic evolutions that potentially will have a major impact upon the current cited technologies. |
| cybersecurity requirements for financial services companies: Cyber Strategy Carol A. Siegel, Mark Sweeney, 2020-03-23 Cyber Strategy: Risk-Driven Security and Resiliency provides a process and roadmap for any company to develop its unified Cybersecurity and Cyber Resiliency strategies. It demonstrates a methodology for companies to combine their disassociated efforts into one corporate plan with buy-in from senior management that will efficiently utilize resources, target high risk threats, and evaluate risk assessment methodologies and the efficacy of resultant risk mitigations. The book discusses all the steps required from conception of the plan from preplanning (mission/vision, principles, strategic objectives, new initiatives derivation), project management directives, cyber threat and vulnerability analysis, cyber risk and controls assessment to reporting and measurement techniques for plan success and overall strategic plan performance. In addition, a methodology is presented to aid in new initiative selection for the following year by identifying all relevant inputs. Tools utilized include: Key Risk Indicators (KRI) and Key Performance Indicators (KPI) National Institute of Standards and Technology (NIST) Cyber Security Framework (CSF) Target State Maturity interval mapping per initiative Comparisons of current and target state business goals and critical success factors A quantitative NIST-based risk assessment of initiative technology components Responsible, Accountable, Consulted, Informed (RACI) diagrams for Cyber Steering Committee tasks and Governance Boards’ approval processes Swimlanes, timelines, data flow diagrams (inputs, resources, outputs), progress report templates, and Gantt charts for project management The last chapter provides downloadable checklists, tables, data flow diagrams, figures, and assessment tools to help develop your company’s cybersecurity and cyber resiliency strategic plan. |
| cybersecurity requirements for financial services companies: Security Self-assessment Guide for Information Technology System Marianne Swanson, 2001 |
| cybersecurity requirements for financial services companies: Developing Cybersecurity Programs and Policies Omar Santos, 2018-07-20 All the Knowledge You Need to Build Cybersecurity Programs and Policies That Work Clearly presents best practices, governance frameworks, and key standards Includes focused coverage of healthcare, finance, and PCI DSS compliance An essential and invaluable guide for leaders, managers, and technical professionals Today, cyberattacks can place entire organizations at risk. Cybersecurity can no longer be delegated to specialists: success requires everyone to work together, from leaders on down. Developing Cybersecurity Programs and Policies offers start-to-finish guidance for establishing effective cybersecurity in any organization. Drawing on more than 20 years of real-world experience, Omar Santos presents realistic best practices for defining policy and governance, ensuring compliance, and collaborating to harden the entire organization. First, Santos shows how to develop workable cybersecurity policies and an effective framework for governing them. Next, he addresses risk management, asset management, and data loss prevention, showing how to align functions from HR to physical security. You’ll discover best practices for securing communications, operations, and access; acquiring, developing, and maintaining technology; and responding to incidents. Santos concludes with detailed coverage of compliance in finance and healthcare, the crucial Payment Card Industry Data Security Standard (PCI DSS) standard, and the NIST Cybersecurity Framework. Whatever your current responsibilities, this guide will help you plan, manage, and lead cybersecurity–and safeguard all the assets that matter. Learn How To · Establish cybersecurity policies and governance that serve your organization’s needs · Integrate cybersecurity program components into a coherent framework for action · Assess, prioritize, and manage security risk throughout the organization · Manage assets and prevent data loss · Work with HR to address human factors in cybersecurity · Harden your facilities and physical environment · Design effective policies for securing communications, operations, and access · Strengthen security throughout the information systems lifecycle · Plan for quick, effective incident response and ensure business continuity · Comply with rigorous regulations in finance and healthcare · Plan for PCI compliance to safely process payments · Explore and apply the guidance provided by the NIST Cybersecurity Framework |
| cybersecurity requirements for financial services companies: Rewired Ryan Ellis, Vivek Mohan, 2019-04-23 Examines the governance challenges of cybersecurity through twelve, real-world case studies Through twelve detailed case studies, this superb collection provides an overview of the ways in which government officials and corporate leaders across the globe are responding to the challenges of cybersecurity. Drawing perspectives from industry, government, and academia, the book incisively analyzes the actual issues, and provides a guide to the continually evolving cybersecurity ecosystem. It charts the role that corporations, policymakers, and technologists are playing in defining the contours of our digital world. Rewired: Cybersecurity Governance places great emphasis on the interconnection of law, policy, and technology in cyberspace. It examines some of the competing organizational efforts and institutions that are attempting to secure cyberspace and considers the broader implications of the in-place and unfolding efforts—tracing how different notions of cybersecurity are deployed and built into stable routines and practices. Ultimately, the book explores the core tensions that sit at the center of cybersecurity efforts, highlighting the ways in which debates about cybersecurity are often inevitably about much more. Introduces the legal and policy dimensions of cybersecurity Collects contributions from an international collection of scholars and practitioners Provides a detailed map of the emerging cybersecurity ecosystem, covering the role that corporations, policymakers, and technologists play Uses accessible case studies to provide a non-technical description of key terms and technologies Rewired: Cybersecurity Governance is an excellent guide for all policymakers, corporate leaders, academics, students, and IT professionals responding to and engaging with ongoing cybersecurity challenges. |
| cybersecurity requirements for financial services companies: ECCWS 2018 17th European Conference on Cyber Warfare and Security V2 Audun Jøsang, 2018-06-21 |
| cybersecurity requirements for financial services companies: Human-Computer Interaction and Cybersecurity Handbook Abbas Moallem, 2018-10-03 Recipient of the SJSU San Jose State University Annual Author & Artist Awards 2019 Recipient of the SJSU San Jose State University Annual Author & Artist Awards 2018 Cybersecurity, or information technology security, focuses on protecting computers and data from criminal behavior. The understanding of human performance, capability, and behavior is one of the main areas that experts in cybersecurity focus on, both from a human–computer interaction point of view, and that of human factors. This handbook is a unique source of information from the human factors perspective that covers all topics related to the discipline. It includes new areas such as smart networking and devices, and will be a source of information for IT specialists, as well as other disciplines such as psychology, behavioral science, software engineering, and security management. Features Covers all areas of human–computer interaction and human factors in cybersecurity Includes information for IT specialists, who often desire more knowledge about the human side of cybersecurity Provides a reference for other disciplines such as psychology, behavioral science, software engineering, and security management Offers a source of information for cybersecurity practitioners in government agencies and private enterprises Presents new areas such as smart networking and devices |
| cybersecurity requirements for financial services companies: Developing Cybersecurity Programs and Policies in an AI-Driven World Omar Santos, 2024-07-16 ALL THE KNOWLEDGE YOU NEED TO BUILD CYBERSECURITY PROGRAMS AND POLICIES THAT WORK Clearly presents best practices, governance frameworks, and key standards Includes focused coverage of healthcare, finance, and PCI DSS compliance An essential and invaluable guide for leaders, managers, and technical professionals Today, cyberattacks can place entire organizations at risk. Cybersecurity can no longer be delegated to specialists: Success requires everyone to work together, from leaders on down. Developing Cybersecurity Programs and Policies in an AI-Driven World offers start-to-finish guidance for establishing effective cybersecurity in any organization. Drawing on more than two decades of real-world experience, Omar Santos presents realistic best practices for defining policy and governance, ensuring compliance, and collaborating to harden the entire organization. Santos begins by outlining the process of formulating actionable cybersecurity policies and creating a governance framework to support these policies. He then delves into various aspects of risk management, including strategies for asset management and data loss prevention, illustrating how to integrate various organizational functions—from HR to physical security—to enhance overall protection. This book covers many case studies and best practices for safeguarding communications, operations, and access; alongside strategies for the responsible acquisition, development, and maintenance of technology. It also discusses effective responses to security incidents. Santos provides a detailed examination of compliance requirements in different sectors and the NIST Cybersecurity Framework. LEARN HOW TO Establish cybersecurity policies and governance that serve your organization’s needs Integrate cybersecurity program components into a coherent framework for action Assess, prioritize, and manage security risk throughout the organization Manage assets and prevent data loss Work with HR to address human factors in cybersecurity Harden your facilities and physical environment Design effective policies for securing communications, operations, and access Strengthen security throughout AI-driven deployments Plan for quick, effective incident response and ensure business continuity Comply with rigorous regulations in finance and healthcare Learn about the NIST AI Risk Framework and how to protect AI implementations Explore and apply the guidance provided by the NIST Cybersecurity Framework |
| cybersecurity requirements for financial services companies: Net Zeros and Ones Richard Stiennon, Russ B. Ernst, Fredrik Forslund, 2022-11-22 Design, implement, and integrate a complete data sanitization program In Net Zeros and Ones: How Data Erasure Promotes Sustainability, Privacy, and Security, a well-rounded team of accomplished industry veterans delivers a comprehensive guide to managing permanent and sustainable data erasure while complying with regulatory, legal, and industry requirements. In the book, you’ll discover the why, how, and when of data sanitization, including why it is a crucial component in achieving circularity within IT operations. You will also learn about future-proofing yourself against security breaches and data leaks involving your most sensitive information—all while being served entertaining industry anecdotes and commentary from leading industry personalities. The authors also discuss: Several new standards on data erasure, including the soon-to-be published standards by the IEEE and ISO How data sanitization strengthens a sustainability or Environmental, Social, and Governance (ESG) program How to adhere to data retention policies, litigation holds, and regulatory frameworks that require certain data to be retained for specific timeframes An ideal resource for ESG, data protection, and privacy professionals, Net Zeros and Ones will also earn a place in the libraries of application developers and IT asset managers seeking a one-stop explanation of how data erasure fits into their data and asset management programs. |
| cybersecurity requirements for financial services companies: Report on selected solutions of law, business and technologies preventing crimes Anna Zalcewicz, 2018 Raport jest pierwszym tego typu opracowaniem w polskim piśmiennictwie, szczególnie w tak oryginalnym i profesjonalnym ujęciu. […] Integralną i niezwykle ważną dla percepcji raportu część stanowią załączniki, które poszerzają zakres wiedzy zawartej w opracowaniu, ułatwiając jej zrozumienie. […] Raport zawiera autorskie ujęcie zjawiska relatywnie nowego w praktyce życia gospodarczego i proponuje zasady oraz metody zarządzania nim. Charakteryzuje się właściwym, interdyscyplinarnym podejściem. Napisano go na podstawie aktualnej – głównie angielskiej – literatury oraz z wykorzystaniem badań własnych autorów. Odpowiada na pilne i rosnące zapotrzebowanie praktyki gospodarczej. Jest innowacyjną pozycją na polskim rynku wydawniczym. Prof. dr hab. Bohdan Jeliński Uniwersytet Gdański Praca jest oryginalnym osiągnięciem naukowym, wypełniającym lukę w słabo zbadanym jak dotąd obszarze zapobiegania przestępczości w sektorach: finansowym, ubezpieczeniowym i energetycznym oraz w obszarze zarządzania zasobami ludzkimi. Proponowane rozwiązania przyczynią się do poprawy skuteczności działania w analizowanych sektorach. Płk dr hab. Tomasz Kośmider, prof. ASW Akademia Sztuki Wojennej w Warszawie Raport prezentuje innowacyjne rozwiązania w kwestii zarówno produktów zapobiegających przestępczości, jak i procesów zarządczych przedstawionych w szczególności w rozdziale dotyczącym zarządzania ludźmi. Opracowanie ukazuje również, z jakimi wyzwaniami natury prawnej może mierzyć się w przyszłości ustawodawca na szczeblu krajowym i ponadnarodowym, w tym unijnym. […] Raport może przyczynić się także do podjęcia dalszych badań nad cyberprzestępczością w Polsce. Dr hab. Krystyna Nizioł, prof. US Uniwersytet Szczeciński |
| cybersecurity requirements for financial services companies: Breached! Daniel J. Solove, Woodrow Hartzog, 2022 Web-based connections permeate our lives - and so do data breaches. Given that we must be online for basic communication, finance, healthcare, and more, it is remarkable how many problems there are with cybersecurity. Despite the passage of many data security laws, data breaches are increasingat a record pace. In Breached!, Daniel Solove and Woodrow Hartzog, two of the world's leading experts on cybersecurity and privacy issues, argue that the law fails because, ironically, it focuses too much on the breach itself.Drawing insights from many fascinating stories about data breaches, Solove and Hartzog show how major breaches could have been prevented through inexpensive, non-cumbersome means. They also reveal why the current law is counterproductive. It pummels organizations that have suffered a breach, butdoesn't recognize other contributors to the breach. These outside actors include software companies that create vulnerable software, device companies that make insecure devices, government policymakers who write regulations that increase security risks, organizations that train people to engage inrisky behaviors, and more.The law's also ignores the role that good privacy practices can play. Although humans are the weakest link for data security, the law remains oblivious to the fact that policies and technologies are often designed with a poor understanding of human behavior. Breached! corrects this course byfocusing on the human side of security. This book sets out a holistic vision for data security law - one that holds all actors accountable, understands security broadly and in relationship to privacy, looks to prevention rather than reaction, and is designed with people in mind. The book closes witha roadmap for how we can reboot law and policy surrounding cybersecurity so that breaches become much rarer events. |
| cybersecurity requirements for financial services companies: Cybercrime Investigations John Bandler, Antonia Merzon, 2020-06-22 Cybercrime continues to skyrocket but we are not combatting it effectively yet. We need more cybercrime investigators from all backgrounds and working in every sector to conduct effective investigations. This book is a comprehensive resource for everyone who encounters and investigates cybercrime, no matter their title, including those working on behalf of law enforcement, private organizations, regulatory agencies, or individual victims. It provides helpful background material about cybercrime's technological and legal underpinnings, plus in-depth detail about the legal and practical aspects of conducting cybercrime investigations. Key features of this book include: Understanding cybercrime, computers, forensics, and cybersecurity Law for the cybercrime investigator, including cybercrime offenses; cyber evidence-gathering; criminal, private and regulatory law, and nation-state implications Cybercrime investigation from three key perspectives: law enforcement, private sector, and regulatory Financial investigation Identification (attribution) of cyber-conduct Apprehension Litigation in the criminal and civil arenas. This far-reaching book is an essential reference for prosecutors and law enforcement officers, agents and analysts; as well as for private sector lawyers, consultants, information security professionals, digital forensic examiners, and more. It also functions as an excellent course book for educators and trainers. We need more investigators who know how to fight cybercrime, and this book was written to achieve that goal. Authored by two former cybercrime prosecutors with a diverse array of expertise in criminal justice and the private sector, this book is informative, practical, and readable, with innovative methods and fascinating anecdotes throughout. |
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