Search Results for "cyber-risk-management"

Financial Cybersecurity Risk Management

Financial Cybersecurity Risk Management

Leadership Perspectives and Guidance for Systems and Institutions

  • Author: Paul Rohmeyer,Jennifer L. Bayuk
  • Publisher: Apress
  • ISBN: 1484241940
  • Category: Computers
  • Page: 259
  • View: 3036
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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 systems Improve 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 enterprise Leverage cybersecurity regulatory and industry standards to help manage financial services risks Use cybersecurity scenarios to measure systemic risks in financial systems environments Apply 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-Risk Management

Cyber-Risk Management

  • Author: Atle Refsdal,Bjørnar Solhaug,Ketil Stølen
  • Publisher: Springer
  • ISBN: 3319235702
  • Category: Computers
  • Page: 145
  • View: 7353
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This book provides a brief and general introduction to cybersecurity and cyber-risk assessment. Not limited to a specific approach or technique, its focus is highly pragmatic and is based on established international standards (including ISO 31000) as well as industrial best practices. It explains how cyber-risk assessment should be conducted, which techniques should be used when, what the typical challenges and problems are, and how they should be addressed. The content is divided into three parts. First, part I provides a conceptual introduction to the topic of risk management in general and to cybersecurity and cyber-risk management in particular. Next, part II presents the main stages of cyber-risk assessment from context establishment to risk treatment and acceptance, each illustrated by a running example. Finally, part III details four important challenges and how to reasonably deal with them in practice: risk measurement, risk scales, uncertainty, and low-frequency risks with high consequence. The target audience is mainly practitioners and students who are interested in the fundamentals and basic principles and techniques of security risk assessment, as well as lecturers seeking teaching material. The book provides an overview of the cyber-risk assessment process, the tasks involved, and how to complete them in practice.

Cyber Risk Management

Cyber Risk Management

Prioritize Threats, Identify Vulnerabilities and Apply Controls

  • Author: Christopher Hodson
  • Publisher: Kogan Page Publishers
  • ISBN: 0749484136
  • Category: Business & Economics
  • Page: 416
  • View: 4766
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Most organizations are undergoing a digital transformation of some sort and are looking to embrace innovative technology, but new ways of doing business inevitably lead to new threats which can cause irreparable financial, operational and reputational damage. In an increasingly punitive regulatory climate, organizations are also under pressure to be more accountable and compliant. Cyber Risk Management clearly explains the importance of implementing a cyber security strategy and provides practical guidance for those responsible for managing threat events, vulnerabilities and controls, including malware, data leakage, insider threat and Denial-of-Service. Examples and use cases including Yahoo, Facebook and TalkTalk, add context throughout and emphasize the importance of communicating security and risk effectively, while implementation review checklists bring together key points at the end of each chapter. Cyber Risk Management analyzes the innate human factors around risk and how they affect cyber awareness and employee training, along with the need to assess the risks posed by third parties. Including an introduction to threat modelling, this book presents a data-centric approach to cyber risk management based on business impact assessments, data classification, data flow modelling and assessing return on investment. It covers pressing developments in artificial intelligence, machine learning, big data and cloud mobility, and includes advice on responding to risks which are applicable for the environment and not just based on media sensationalism.

Enhancing the Role of Insurance in Cyber Risk Management

Enhancing the Role of Insurance in Cyber Risk Management

  • Author: OECD
  • Publisher: OECD Publishing
  • ISBN: 9264282149
  • Category:
  • Page: 140
  • View: 7200
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This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives to address those challenges.

Cyber Risk Management

Cyber Risk Management

Practical Strategies to Protect Your Organization from Cyber Threats

  • Author: Richard Benham
  • Publisher: N.A
  • ISBN: 9780749482596
  • Category:
  • Page: 288
  • View: 1407
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It is estimated that cyber crime costs trillions of dollars globally every year as businesses become increasingly reliant on technology. 87 per cent of FTSE 100 companies have identified cyber as a principal risk (Deloitte 2017), and it is clear that failure to focus on cyber risk can potentially lead to huge financial losses and disruption of operations, as well as reputational damage. Cyber Risk Management offers vital guidance on evaluating threats and effectively implementing and communicating a cyber security strategy. Crucially, human factors in cyber security are also considered, from employee vetting and managing insider threats, to theories of behaviour and staff training to guard against manipulation. Structured in two parts, the first section looks at technical developments in how businesses use technology, including cloud computing, blockchain, cryptography, artificial intelligence and the Internet of Things. Case studies of real world cyber crimes, such as the attacks on Tesco Bank and Yahoo, help to explore the origin of threats. The second section provides guidance on how to successfully manage an organization's cyber security, covering risk assessments, financial impact analyses, crisis communications plans, international standards and legal responsibilities. Cyber Risk Management is the indispensable guide for those responsible for assessing cyber risks and creating information security strategies.

Managing Cyber Risk

Managing Cyber Risk

  • Author: Ariel Evans
  • Publisher: Routledge
  • ISBN: 0429614268
  • Category: Business & Economics
  • Page: 118
  • View: 9712
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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.

Managing Cyber Risk in the Financial Sector

Managing Cyber Risk in the Financial Sector

Lessons from Asia, Europe and the USA

  • Author: Ruth Taplin
  • Publisher: Routledge
  • ISBN: 1317383664
  • Category: Computers
  • Page: 178
  • View: 7686
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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.

Managing Cybersecurity Risk

Managing Cybersecurity Risk

How Directors and Corporate Officers Can Protect their Businesses

  • Author: Jonathan Reuvid
  • Publisher: Legend Press Ltd
  • ISBN: 178507914X
  • Category: Computers
  • Page: 200
  • View: 8935
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Managing Cybersecurity Risk aims to provide a better understanding of the extent and scale of the potential damage that breaches of cyber security could cause their businesses and to guide senior management in the selection of the appropriate IT strategies, tools, training and staffing necessary for prevention, protection and response.

Enhancing the Role of Insurance in Cyber Risk Management

Enhancing the Role of Insurance in Cyber Risk Management

  • Author: Oecd
  • Publisher: N.A
  • ISBN: 9789264282131
  • Category: Business & Economics
  • Page: 140
  • View: 9040
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- Foreword - Executive summary - Growing cyber risk and the contribution of insurance to cyber risk management - Types of cyber incidents and losses - The cyber insurance market - Cyber insurance market challenges - Addressing challenges to cyber insurability - Supporting the cyber insurance market through better policies and regulation