| cyber security standards for financial industry: Financial Cybersecurity Risk Management Paul Rohmeyer, Jennifer L. Bayuk, 2018-12-13 Understand critical cybersecurity and risk perspectives, insights, and tools for the leaders of complex financial systems and markets. This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals. Information is provided to help in the analysis of cyber challenges and choosing between risk treatment options. Financial cybersecurity is a complex, systemic risk challenge that includes technological and operational elements. The interconnectedness of financial systems and markets creates dynamic, high-risk environments where organizational security is greatly impacted by the level of security effectiveness of partners, counterparties, and other external organizations. The result is a high-risk environment with a growing need for cooperation between enterprises that are otherwise direct competitors. There is a new normal of continuous attack pressures that produce unprecedented enterprise threats that must be met with an array of countermeasures. Financial Cybersecurity Risk Management explores a range of cybersecurity topics impacting financial enterprises. This includes the threat and vulnerability landscape confronting the financial sector, risk assessment practices and methodologies, and cybersecurity data analytics. Governance perspectives, including executive and board considerations, are analyzed as are the appropriate control measures and executive risk reporting. What You’ll Learn Analyze the threat and vulnerability landscape confronting the financial sector Implement effective technology risk assessment practices and methodologies Craft strategies to treat observed risks in financial systemsImprove the effectiveness of enterprise cybersecurity capabilities Evaluate critical aspects of cybersecurity governance, including executive and board oversight Identify significant cybersecurity operational challenges Consider the impact of the cybersecurity mission across the enterpriseLeverage cybersecurity regulatory and industry standards to help manage financial services risksUse cybersecurity scenarios to measure systemic risks in financial systems environmentsApply key experiences from actual cybersecurity events to develop more robust cybersecurity architectures Who This Book Is For Decision makers, cyber leaders, and front-line professionals, including: chief risk officers, operational risk officers, chief information security officers, chief security officers, chief information officers, enterprise risk managers, cybersecurity operations directors, technology and cybersecurity risk analysts, cybersecurity architects and engineers, and compliance officers |
| cyber security standards for financial industry: Countering Cyber Threats to Financial Institutions Pierre-Luc Pomerleau, David L. Lowery, 2020-08-29 Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity. |
| cyber security standards for financial industry: Cybersecurity Law, Standards and Regulations, 2nd Edition Tari Schreider, 2020-02-22 In today’s litigious business world, cyber-related matters could land you in court. As a computer security professional, you are protecting your data, but are you protecting your company? While you know industry standards and regulations, you may not be a legal expert. Fortunately, in a few hours of reading, rather than months of classroom study, Tari Schreider’s Cybersecurity Law, Standards and Regulations (2nd Edition), lets you integrate legal issues into your security program. Tari Schreider, a board-certified information security practitioner with a criminal justice administration background, has written a much-needed book that bridges the gap between cybersecurity programs and cybersecurity law. He says, “My nearly 40 years in the fields of cybersecurity, risk management, and disaster recovery have taught me some immutable truths. One of these truths is that failure to consider the law when developing a cybersecurity program results in a protective façade or false sense of security.” In a friendly style, offering real-world business examples from his own experience supported by a wealth of court cases, Schreider covers the range of practical information you will need as you explore – and prepare to apply – cybersecurity law. His practical, easy-to-understand explanations help you to: Understand your legal duty to act reasonably and responsibly to protect assets and information. Identify which cybersecurity laws have the potential to impact your cybersecurity program. Upgrade cybersecurity policies to comply with state, federal, and regulatory statutes. Communicate effectively about cybersecurity law with corporate legal department and counsel. Understand the implications of emerging legislation for your cybersecurity program. Know how to avoid losing a cybersecurity court case on procedure – and develop strategies to handle a dispute out of court. Develop an international view of cybersecurity and data privacy – and international legal frameworks. Schreider takes you beyond security standards and regulatory controls to ensure that your current or future cybersecurity program complies with all laws and legal jurisdictions. Hundreds of citations and references allow you to dig deeper as you explore specific topics relevant to your organization or your studies. This book needs to be required reading before your next discussion with your corporate legal department. This new edition responds to the rapid changes in the cybersecurity industry, threat landscape and providers. It addresses the increasing risk of zero-day attacks, growth of state-sponsored adversaries and consolidation of cybersecurity products and services in addition to the substantial updates of standards, source links and cybersecurity products. |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: Guide to Protecting the Confidentiality of Personally Identifiable Information Erika McCallister, 2010-09 The escalation of security breaches involving personally identifiable information (PII) has contributed to the loss of millions of records over the past few years. Breaches involving PII are hazardous to both individuals and org. Individual harms may include identity theft, embarrassment, or blackmail. Organ. harms may include a loss of public trust, legal liability, or remediation costs. To protect the confidentiality of PII, org. should use a risk-based approach. This report provides guidelines for a risk-based approach to protecting the confidentiality of PII. The recommend. here are intended primarily for U.S. Fed. gov¿t. agencies and those who conduct business on behalf of the agencies, but other org. may find portions of the publication useful. |
| cyber security standards for financial industry: Computers at Risk National Research Council, Division on Engineering and Physical Sciences, Computer Science and Telecommunications Board, Commission on Physical Sciences, Mathematics, and Applications, System Security Study Committee, 1990-02-01 Computers at Risk presents a comprehensive agenda for developing nationwide policies and practices for computer security. Specific recommendations are provided for industry and for government agencies engaged in computer security activities. The volume also outlines problems and opportunities in computer security research, recommends ways to improve the research infrastructure, and suggests topics for investigators. The book explores the diversity of the field, the need to engineer countermeasures based on speculation of what experts think computer attackers may do next, why the technology community has failed to respond to the need for enhanced security systems, how innovators could be encouraged to bring more options to the marketplace, and balancing the importance of security against the right of privacy. |
| cyber security standards for financial industry: Security Self-assessment Guide for Information Technology System Marianne Swanson, 2001 |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: Industry of Anonymity Jonathan Lusthaus, 2018-10-16 The most extensive account yet of the lives of cybercriminals and the vast international industry they have created, deeply sourced and based on field research in the world’s technology-crime hotspots. Cybercrime seems invisible. Attacks arrive out of nowhere, their origins hidden by layers of sophisticated technology. Only the victims are clear. But every crime has its perpetrator—specific individuals or groups sitting somewhere behind keyboards and screens. Jonathan Lusthaus lifts the veil on the world of these cybercriminals in the most extensive account yet of the lives they lead, and the vast international industry they have created. We are long past the age of the lone adolescent hacker tapping away in his parents’ basement. Cybercrime now operates like a business. Its goods and services may be illicit, but it is highly organized, complex, driven by profit, and globally interconnected. Having traveled to cybercrime hotspots around the world to meet with hundreds of law enforcement agents, security gurus, hackers, and criminals, Lusthaus takes us inside this murky underworld and reveals how this business works. He explains the strategies criminals use to build a thriving industry in a low-trust environment characterized by a precarious combination of anonymity and teamwork. Crime takes hold where there is more technical talent than legitimate opportunity, and where authorities turn a blind eye—perhaps for a price. In the fight against cybercrime, understanding what drives people into this industry is as important as advanced security. Based on seven years of fieldwork from Eastern Europe to West Africa, Industry of Anonymity is a compelling and revealing study of a rational business model which, however much we might wish otherwise, has become a defining feature of the modern world. |
| cyber security standards for financial industry: At the Nexus of Cybersecurity and Public Policy National Research Council, Division on Engineering and Physical Sciences, Computer Science and Telecommunications Board, Committee on Developing a Cybersecurity Primer: Leveraging Two Decades of National Academies Work, 2014-06-16 We depend on information and information technology (IT) to make many of our day-to-day tasks easier and more convenient. Computers play key roles in transportation, health care, banking, and energy. Businesses use IT for payroll and accounting, inventory and sales, and research and development. Modern military forces use weapons that are increasingly coordinated through computer-based networks. Cybersecurity is vital to protecting all of these functions. Cyberspace is vulnerable to a broad spectrum of hackers, criminals, terrorists, and state actors. Working in cyberspace, these malevolent actors can steal money, intellectual property, or classified information; impersonate law-abiding parties for their own purposes; damage important data; or deny the availability of normally accessible services. Cybersecurity issues arise because of three factors taken together - the presence of malevolent actors in cyberspace, societal reliance on IT for many important functions, and the presence of vulnerabilities in IT systems. What steps can policy makers take to protect our government, businesses, and the public from those would take advantage of system vulnerabilities? At the Nexus of Cybersecurity and Public Policy offers a wealth of information on practical measures, technical and nontechnical challenges, and potential policy responses. According to this report, cybersecurity is a never-ending battle; threats will evolve as adversaries adopt new tools and techniques to compromise security. Cybersecurity is therefore an ongoing process that needs to evolve as new threats are identified. At the Nexus of Cybersecurity and Public Policy is a call for action to make cybersecurity a public safety priority. For a number of years, the cybersecurity issue has received increasing public attention; however, most policy focus has been on the short-term costs of improving systems. In its explanation of the fundamentals of cybersecurity and the discussion of potential policy responses, this book will be a resource for policy makers, cybersecurity and IT professionals, and anyone who wants to understand threats to cyberspace. |
| cyber security standards for financial industry: OECD SME and Entrepreneurship Outlook 2019 OECD, 2019-05-20 The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs. This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. |
| cyber security standards for financial industry: PCI DSS Jim Seaman, 2020-05-01 Gain a broad understanding of how PCI DSS is structured and obtain a high-level view of the contents and context of each of the 12 top-level requirements. The guidance provided in this book will help you effectively apply PCI DSS in your business environments, enhance your payment card defensive posture, and reduce the opportunities for criminals to compromise your network or steal sensitive data assets. Businesses are seeing an increased volume of data breaches, where an opportunist attacker from outside the business or a disaffected employee successfully exploits poor company practices. Rather than being a regurgitation of the PCI DSS controls, this book aims to help you balance the needs of running your business with the value of implementing PCI DSS for the protection of consumer payment card data. Applying lessons learned from history, military experiences (including multiple deployments into hostile areas), numerous PCI QSA assignments, and corporate cybersecurity and InfoSec roles, author Jim Seaman helps you understand the complexities of the payment card industry data security standard as you protect cardholder data. You will learn how to align the standard with your business IT systems or operations that store, process, and/or transmit sensitive data. This book will help you develop a business cybersecurity and InfoSec strategy through the correct interpretation, implementation, and maintenance of PCI DSS. What You Will Learn Be aware of recent data privacy regulatory changes and the release of PCI DSS v4.0Improve the defense of consumer payment card data to safeguard the reputation of your business and make it more difficult for criminals to breach securityBe familiar with the goals and requirements related to the structure and interdependencies of PCI DSSKnow the potential avenues of attack associated with business payment operationsMake PCI DSS an integral component of your business operationsUnderstand the benefits of enhancing your security cultureSee how the implementation of PCI DSS causes a positive ripple effect across your business Who This Book Is For Business leaders, information security (InfoSec) practitioners, chief information security managers, cybersecurity practitioners, risk managers, IT operations managers, business owners, military enthusiasts, and IT auditors |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: Monetary and Financial Statistics Manual and Compilation Guide Mr.Jose M Cartas, Artak Harutyunyan, 2017-11-09 This edition of Monetary and Financial Statistics Manual and Compilation Guide (Manual) updates and merges into one volume methodological and practical aspects of the compilation process of monetary statistics. The Manual is aimed at compilers and users of monetary data, offering guidance for the collection and analytical presentation of monetary statistics. The Manual includes standardized report forms, providing countries with a tool for compiling and reporting harmonized data for the central bank, other depository corporations, and other financial corporations. |
| cyber security standards for financial industry: Effective Model-Based Systems Engineering John M. Borky, Thomas H. Bradley, 2018-09-08 This textbook presents a proven, mature Model-Based Systems Engineering (MBSE) methodology that has delivered success in a wide range of system and enterprise programs. The authors introduce MBSE as the state of the practice in the vital Systems Engineering discipline that manages complexity and integrates technologies and design approaches to achieve effective, affordable, and balanced system solutions to the needs of a customer organization and its personnel. The book begins with a summary of the background and nature of MBSE. It summarizes the theory behind Object-Oriented Design applied to complex system architectures. It then walks through the phases of the MBSE methodology, using system examples to illustrate key points. Subsequent chapters broaden the application of MBSE in Service-Oriented Architectures (SOA), real-time systems, cybersecurity, networked enterprises, system simulations, and prototyping. The vital subject of system and architecture governance completes the discussion. The book features exercises at the end of each chapter intended to help readers/students focus on key points, as well as extensive appendices that furnish additional detail in particular areas. The self-contained text is ideal for students in a range of courses in systems architecture and MBSE as well as for practitioners seeking a highly practical presentation of MBSE principles and techniques. |
| cyber security standards for financial industry: Guide to Industrial Control Systems (ICS) Security Keith Stouffer, 2015 |
| cyber security standards for financial industry: Cybersecurity and Data Protection in the Financial Sector United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, 2012 |
| cyber security standards for financial industry: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
| cyber security standards for financial industry: Cyber Risk Management Christopher Hodson, 2019 Learn how to prioritize threats, implement a cyber security programme and effectively communicate risks |
| cyber security standards for financial industry: Framework for Improving Critical Infrastructure Cybersecurity , 2018 The Framework focuses on using business drivers to guide cybersecurity activities and considering cybersecurity risks as part of the organization’s risk management processes. The Framework consists of three parts: the Framework Core, the Implementation Tiers, and the Framework Profiles. The Framework Core is a set of cybersecurity activities, outcomes, and informative references that are common across sectors and critical infrastructure. Elements of the Core provide detailed guidance for developing individual organizational Profiles. Through use of Profiles, the Framework will help an organization to align and prioritize its cybersecurity activities with its business/mission requirements, risk tolerances, and resources. The Tiers provide a mechanism for organizations to view and understand the characteristics of their approach to managing cybersecurity risk, which will help in prioritizing and achieving cybersecurity objectives. |
| cyber security standards for financial industry: Managing Cyber Risk Ariel Evans, 2019-03-28 Cyber risk is the second highest perceived business risk according to U.S. risk managers and corporate insurance experts. Digital assets now represent over 85% of an organization’s value. In a survey of Fortune 1000 organizations, 83% surveyed described cyber risk as an organizationally complex topic, with most using only qualitative metrics that provide little, if any insight into an effective cyber strategy. Written by one of the foremost cyber risk experts in the world and with contributions from other senior professionals in the field, Managing Cyber Risk provides corporate cyber stakeholders – managers, executives, and directors – with context and tools to accomplish several strategic objectives. These include enabling managers to understand and have proper governance oversight of this crucial area and ensuring improved cyber resilience. Managing Cyber Risk helps businesses to understand cyber risk quantification in business terms that lead risk owners to determine how much cyber insurance they should buy based on the size and the scope of policy, the cyber budget required, and how to prioritize risk remediation based on reputational, operational, legal, and financial impacts. Directors are held to standards of fiduciary duty, loyalty, and care. These insights provide the ability to demonstrate that directors have appropriately discharged their duties, which often dictates the ability to successfully rebut claims made against such individuals. Cyber is a strategic business issue that requires quantitative metrics to ensure cyber resiliency. This handbook acts as a roadmap for executives to understand how to increase cyber resiliency and is unique since it quantifies exposures at the digital asset level. |
| cyber security standards for financial industry: COBIT 5 Information Systems Audit and Control Association, 2012 |
| cyber security standards for financial industry: Banking Law: New York Banking Law New York (State), 1907 |
| cyber security standards for financial industry: Cybersecurity Law, Standards and Regulations, 2nd Edition Tari Schreider, 2020-02-22 ASIS Book of The Year Runner Up. Selected by ASIS International, the world's largest community of security practitioners. In today’s litigious business world, cyber-related matters could land you in court. As a computer security professional, you are protecting your data, but are you protecting your company? While you know industry standards and regulations, you may not be a legal expert. Fortunately, in a few hours of reading, rather than months of classroom study, Tari Schreider’s Cybersecurity Law, Standards and Regulations (2nd Edition), lets you integrate legal issues into your security program. Tari Schreider, a board-certified information security practitioner with a criminal justice administration background, has written a much-needed book that bridges the gap between cybersecurity programs and cybersecurity law. He says, “My nearly 40 years in the fields of cybersecurity, risk management, and disaster recovery have taught me some immutable truths. One of these truths is that failure to consider the law when developing a cybersecurity program results in a protective façade or false sense of security.” In a friendly style, offering real-world business examples from his own experience supported by a wealth of court cases, Schreider covers the range of practical information you will need as you explore – and prepare to apply – cybersecurity law. His practical, easy-to-understand explanations help you to: Understand your legal duty to act reasonably and responsibly to protect assets and information. Identify which cybersecurity laws have the potential to impact your cybersecurity program. Upgrade cybersecurity policies to comply with state, federal, and regulatory statutes. Communicate effectively about cybersecurity law with corporate legal department and counsel. Understand the implications of emerging legislation for your cybersecurity program. Know how to avoid losing a cybersecurity court case on procedure – and develop strategies to handle a dispute out of court. Develop an international view of cybersecurity and data privacy – and international legal frameworks. Schreider takes you beyond security standards and regulatory controls to ensure that your current or future cybersecurity program complies with all laws and legal jurisdictions. Hundreds of citations and references allow you to dig deeper as you explore specific topics relevant to your organization or your studies. This book needs to be required reading before your next discussion with your corporate legal department. This new edition responds to the rapid changes in the cybersecurity industry, threat landscape and providers. It addresses the increasing risk of zero-day attacks, growth of state-sponsored adversaries and consolidation of cybersecurity products and services in addition to the substantial updates of standards, source links and cybersecurity products. |
| cyber security standards for financial industry: Securing DevOps Julien Vehent, 2018-08-20 Summary Securing DevOps explores how the techniques of DevOps and security should be applied together to make cloud services safer. This introductory book reviews the latest practices used in securing web applications and their infrastructure and teaches you techniques to integrate security directly into your product. You'll also learn the core concepts of DevOps, such as continuous integration, continuous delivery, and infrastructure as a service. Purchase of the print book includes a free eBook in PDF, Kindle, and ePub formats from Manning Publications. About the Technology An application running in the cloud can benefit from incredible efficiencies, but they come with unique security threats too. A DevOps team's highest priority is understanding those risks and hardening the system against them. About the Book Securing DevOps teaches you the essential techniques to secure your cloud services. Using compelling case studies, it shows you how to build security into automated testing, continuous delivery, and other core DevOps processes. This experience-rich book is filled with mission-critical strategies to protect web applications against attacks, deter fraud attempts, and make your services safer when operating at scale. You'll also learn to identify, assess, and secure the unique vulnerabilities posed by cloud deployments and automation tools commonly used in modern infrastructures. What's inside An approach to continuous security Implementing test-driven security in DevOps Security techniques for cloud services Watching for fraud and responding to incidents Security testing and risk assessment About the Reader Readers should be comfortable with Linux and standard DevOps practices like CI, CD, and unit testing. About the Author Julien Vehent is a security architect and DevOps advocate. He leads the Firefox Operations Security team at Mozilla, and is responsible for the security of Firefox's high-traffic cloud services and public websites. Table of Contents Securing DevOps PART 1 - Case study: applying layers of security to a simple DevOps pipeline Building a barebones DevOps pipeline Security layer 1: protecting web applications Security layer 2: protecting cloud infrastructures Security layer 3: securing communications Security layer 4: securing the delivery pipeline PART 2 - Watching for anomalies and protecting services against attacks Collecting and storing logs Analyzing logs for fraud and attacks Detecting intrusions The Caribbean breach: a case study in incident response PART 3 - Maturing DevOps security Assessing risks Testing security Continuous security |
| cyber security standards for financial industry: Guide for Developing Security Plans for Federal Information Systems U.s. Department of Commerce, Marianne Swanson, Joan Hash, Pauline Bowen, 2006-02-28 The purpose of the system security plan is to provide an overview of the security requirements of the system and describe the controls in place or planned for meeting those requirements. The system security plan also delineates responsibilities and expected behavior of all individuals who access the system. The system security plan should be viewed as documentation of the structured process of planning adequate, cost-effective security protection for a system. It should reflect input from various managers with responsibilities concerning the system, including information owners, the system owner, and the senior agency information security officer (SAISO). Additional information may be included in the basic plan and the structure and format organized according to agency needs, so long as the major sections described in this document are adequately covered and readily identifiable. |
| cyber security standards for financial industry: Guide to Computer Security Log Management Karen Kent, Murugiah Souppaya, 2007-08-01 A log is a record of the events occurring within an org¿s. systems & networks. Many logs within an org. contain records related to computer security (CS). These CS logs are generated by many sources, incl. CS software, such as antivirus software, firewalls, & intrusion detection & prevention systems; operating systems on servers, workstations, & networking equip.; & applications. The no., vol., & variety of CS logs have increased greatly, which has created the need for CS log mgmt. -- the process for generating, transmitting, storing, analyzing, & disposing of CS data. This report assists org¿s. in understanding the need for sound CS log mgmt. It provides practical, real-world guidance on developing, implementing, & maintaining effective log mgmt. practices. Illus. |
| cyber security standards for financial industry: IFRS Certificate Program AICPA, 2019-04-09 The IFRS (International Financial Reporting Standards) Certificate program (40.5 CPE Credits) will distinguish you from other accounting and finance professionals and expand your career opportunities both in the U.S. and globally. Since more than 125 countries require or permit the use of IFRS, taking this program will give you a distinct competitive advantage over your peers. As of January 1, 2018, those who successfully complete all courses in the curriculum will receive a certificate of achievement, a digital badge, a subscription to the eIFRS online subscription service and 40+ hours of CPE credit. Why is IFRS relevant in the US, and for you? U.S. multinationals are headquartered across the U.S., so you could easily find yourself with a client that has IFRS requirements, either for itself or a non-U.S. subsidiary. You might increasingly find yourself structuring deals and transactions with IFRS counterparties, including vendors and customers. Understanding the implications of structuring these transactions and reporting using IFRS will require you to have more than a passing knowledge of the differences between IFRS and U.S. GAAP. As both the FASB and IASB continue their standard-setting agendas, you'll need to assess proposals and be concerned about divergence that could impact your financial reporting or audit responsibilities going forward. Courses included: Credit for individual courses purchased can be applied to the full program if purchased within one year. IFRS: Business Combinations (IFRS 3) IFRS: Separate and Consolidated Financial Statements (IFRS 10 & IAS 27) IFRS: Earnings Per Share (IAS 33) IFRS: Fair Value Measurement (IFRS 13) IFRS: Financial Statements, Interim Reporting, and Cash Flows (IAS 1, IAS 34, and IAS 7) IFRS: Financial System Considerations in IFRS IFRS: The Effects of Changes in Foreign Exchange Rates IFRS: Impairment of Non-Financial Assets (IAS 36) IFRS: Income Taxes (IAS 12) IFRS: Intangible Assets (IAS 38) IFRS: Inventories (IAS 2) IFRS: Investment Property (IAS 40) IFRS: Investments in Associates and Joint Arrangements (IAS 28 and IFRS 11) IFRS: Financial Instruments (IFRS 9, IAS 39, IAS 31, and IFRS 7) IFRS: Leases (IAS 17) IFRS: Liabilities, Provisions and Contingencies (IAS 37) IFRS 5: Non-current Assets Held for Sale and Discontinued Operations IFRS: Policies, Changes, Errors; Events After Reporting Date; Related Parties (IAS 8, 10, and 24) IFRS: Property, Plant & Equipment (IAS 16) IFRS: Revenue Recognition (IAS 18 and IAS 11) IFRS: Segment Reporting (IFRS 8) IFRS: Share-based Payments and Employee Benefits, non-pension (IFRS 2 and IAS 19) IFRS: Tax Considerations Beyond IAS 12 IFRS Governance and Conceptual Framework IFRS: The Starting Point (IFRS 1) Who Will Benefit? Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Learning Objectives Acquire a broad overview of key IFRS definitions and concepts. Obtain proficiency in complex IFRS areas including financial instruments and business combinations. Apply the fundamental principles of IFRS across a range of accounting topics. Understand the accounting impact of the latest standards and amendments issued by the IASB. Key Topics Fair value measurement Intangible assets Financial instruments Leases Revenue recognition Governance and conceptual framework Credit Info CPE CREDITS: Online: 40.5 (CPE credit info) NASBA FIELD OF STUDY: Accounting LEVEL: Basic PREREQUISITES: Familiarity with financial reporting and accounting principles under IFRS ADVANCE PREPARATION: None DELIVERY METHOD: QAS Self-Study COURSE ACRONYM: ICERT2IFRS1 Online Access Instructions A personal pin code is enclosed in the physical packaging that may be activated online upon receipt. Once activated, you will gain immediate online access to the product. System Requirements AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by AICPA technicians. A stable and continuous internet connection is required. In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your account after successfully completing the course and/or exam. Supported Operating Systems: Macintosh OS X 10.10 to present Windows 7 to present Supported Browsers: Apple Safari Google Chrome Microsoft Internet Explorer Mozilla Firefox Required Browser Plug-ins: Adobe Flash Adobe Acrobat Reader Technical Support: Please contact service@aicpa.org. |
| cyber security standards for financial industry: Information is Beautiful David McCandless, 2009 Miscellaneous facts and ideas are interconnected and represented in a visual format, a visual miscellaneum, which represents a series of experiments in making information approachable and beautiful -- from p.007 |
| cyber security standards for financial industry: FinTech Madir, Jelena, 2021-12-10 This fully updated and revised second edition provides a practical examination of the opportunities and challenges presented by the rapid development of FinTech in recent years, particularly for regulators, who must decide how to apply current law to ever-changing concepts driven by continually advancing technologies. It addresses new legislative guidance on the treatment of cryptoassets and smart contracts, the European Commission’s Digital Finance Strategy and FinTech Action Plan, as well as analysing significant recent cases. |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: Protecting Controlled Unclassified Information in Nonfederal Systems and Organizations National Institute of Standards and Tech, 2019-06-25 NIST SP 800-171A Rev 2 - DRAFT Released 24 June 2019 The protection of Controlled Unclassified Information (CUI) resident in nonfederal systems and organizations is of paramount importance to federal agencies and can directly impact the ability of the federal government to successfully conduct its essential missions and functions. This publication provides agencies with recommended security requirements for protecting the confidentiality of CUI when the information is resident in nonfederal systems and organizations; when the nonfederal organization is not collecting or maintaining information on behalf of a federal agency or using or operating a system on behalf of an agency; and where there are no specific safeguarding requirements for protecting the confidentiality of CUI prescribed by the authorizing law, regulation, or governmentwide policy for the CUI category listed in the CUI Registry. The requirements apply to all components of nonfederal systems and organizations that process, store, or transmit CUI, or that provide security protection for such components. The requirements are intended for use by federal agencies in contractual vehicles or other agreements established between those agencies and nonfederal organizations. Why buy a book you can download for free? We print the paperback book so you don't have to. First you gotta find a good clean (legible) copy and make sure it's the latest version (not always easy). Some documents found on the web are missing some pages or the image quality is so poor, they are difficult to read. If you find a good copy, you could print it using a network printer you share with 100 other people (typically its either out of paper or toner). If it's just a 10-page document, no problem, but if it's 250-pages, you will need to punch 3 holes in all those pages and put it in a 3-ring binder. Takes at least an hour. It's much more cost-effective to just order the bound paperback from Amazon.com This book includes original commentary which is copyright material. Note that government documents are in the public domain. We print these paperbacks as a service so you don't have to. The books are compact, tightly-bound paperback, full-size (8 1/2 by 11 inches), with large text and glossy covers. 4th Watch Publishing Co. is a HUBZONE SDVOSB. https: //usgovpub.com |
| cyber security standards for financial industry: Artificial Intelligence in Banking Introbooks, 2020-04-07 In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, In a world focused on using AI in new ways, we're focused on using it wisely and responsibly. |
| cyber security standards for financial industry: 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. |
| cyber security standards for financial industry: Developments in the Field of Information and Telecommunications in the Context of International Security United Nations. Office for Disarmament Affairs, 2011 This publication has been issued in implementation of the United Nations Disarmament Information Programme as a handy, convenient and attractive reference tool containing the report of the Secretary-General on verification in all its aspects, including the role of the UN in the field of verification. It also contains additional material related to the publication of the report. The publication continues the Disarmament Study Series and should serve as a valuable addition to the reference section of public and university libraries, permanent missions, research institutes and specialized non-governmental organisations. |
| cyber security standards for financial industry: Understanding Cybersecurity Laws and Regulations , 2024-10-26 Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com |
2024 Report on Cybersecurity and Resilience - FDIC
In 2023, FDIC updated key policies and procedures impacting essential security and privacy control areas to align with federal policies, guidance, and standards; and further codified key …
Cybersecurity and Financial System Resilience Report 2024
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Cybersecurity and Financial System Resilience Report
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Cyber Security Centre (NCSC)’s “10 Steps Guidance to Cyber Security” (06_03) and the “Cyber Security Small Business Guide” (06_24) are added. The ISO/IEC released notable Technical …
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IBM X-Force Research (2017) reveals that the could suggest some questionable analogies with financial services sector was attacked more than other classes of such risk.
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industry standards, to encourage efficient audits, and to ensure compliance by SEBI REs. ... Mutual Funds, RTA, Financial Institutions, Custodians, Clearing Corporations, Public Financial …
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As a leading cybersecurity adviser to banks and other financial institutions, we understand the critical issues that have kept cybersecurity as such a persistent and significant risk in the industry.
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Feb 4, 2022 · Pursuant to the CAA, this report is organized in three main sections covering: current and emerging cyberthreats that may pose a risk to the resilience of the finan-cial …
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between industry and government and consists of standards, guidelines, and practices to promote the protection of critical infrastructure. The first version of the cybersecurity framework was …
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The 2023 Cybersecurity for financial services survey was conducted by Deloitte & Touche LLP in June 2023 to provide the financial service industry with benchmarks for the size, importance, …
Cybersecurity and Financial System Resilience Report
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Jul 21, 2022 · industry, government, and academia to develop workable approaches to cryptographic protection that ensure practi cal security. • NIST has cryptographic standards for …
Third-Party Compliance Handbook: Industry Standards
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expertise from security audit firms to mitigate these risks and develop internal capabilities. Executive leadership believes cyber supply chain risk management will continue to represent a …
SPARK Data Security Industry Best Practice Standards 9-2017
Industry Best Practice Data Security Reporting 1. SPARK recommends members use the 16 identified critical data security control objectives, defined by the Data Security Oversight Board …
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Page 6 Data Security in Financial Services 1.1 Introduction 1. This report describes how financial services firms in the UK are addressing the risk that their customer data may be lost or stolen …
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Case #8: Re-evaluating the Approach to Self-Regulation in the Financial Industry. This case study describes how an international financial institution navigates the current cybersecurity …
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The purpose of this document is to provide an overview of …
standards, and technology in ways that enhance economic security and improve quality of life. NIST is dedicated to supporting U.S. in areas of national importance from communications …
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the existing technical standards on cyber- and information security for any regulation relating to cyber-risk. Fourth, to put more emphasis in promoting cyber-security awareness among bank …
A Case Study of the Capital One Data Breach
There are a number of frameworks, standards and best practices in the industry to support organizations to meet their regulatory obligations and to establish robust security programs. …
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Symantec White Paper | Cyber Security for Retail Services 2 Retailers are facing a new, digital era as the forces of social media, omni-channel shopping and a wave of emerging payment …
A Case Study of the Capital One Data Breach
global industry to provide cyber threat mitigation guidelines. The results of this research and the case study will help government entities, regulatory agencies, and companies to improve their …
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Information Security Standards (12 CFR Part 30. 2) (United States). Regulatory agencies are considering applying enhanced standards to certain entities with total enterprise-wide …
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industry, and federal financial regulators each have a role in cybersecurity. Numerous laws cover aspects of ... security standards for banks and savings associations to “discourage robberies, …
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Mar 13, 2023 · entire industry or the overall economy. ... Cyber Incidents Involving Financial Institutions, Carnegie Endowment for International Peace, at ... regulators to establish …
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The FDIC’s Security Response Team (SRT) provides centralized technical assistance to effectively investigate and resolve security incidents involving FDIC information. There were …
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through which cybersecurity events can threaten financial stability (see . Figure 1): 1. Lack of substitutability. The financial services industry relies on a robust IT infrastructure to complete …
Advancing Blockchain Cybersecurity
To explore the intersection between blockchain and cybersecurity in the financial services industry, this paper covers the following topics: Key Blockchain Features. An overview of …
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provides guidance on cyber-security risk management for financial institutions. Its Cybersecurity Assessment Tool helps financial institutions assess their cyber-security preparedness and …
DATASHEET The Egypt Financial Cybersecurity Framework
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— establishing cyber security minimum standards and new information sharing ... In the 2021-22 financial year, a range of important framework documents, legal instruments and new …
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financial data against an ever-evolving cyber threat landscape. Keywords: Cybersecurity; FinTech; Financial Data Protection; Cyber Threats; Regulatory Compliance; Digital Security. 1.
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2 The Gemalto Breach Level Index 2015 report finds that the financial sector suffered 16% of all reported breaches in 2015, second only to the healthcare sector. The IBM 2016 Cyber Security …
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of the National Security Agency, Kelly Hood and Tom Conkle of Optic Cyber Solutions; Amy Hamilton of the U.S. Department of Energy; the Executive Secretariat of the U.S. Department …
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Financial Industry STANDARDS ... Overall, the industry continues to prove resilient in the face of cyber attacks. Annual Industry-Wide BCP Tests SIFMA has coordinated an annual industry …
