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Full Description
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.
Contents
Foreword 1. Risk Management and Cyber Risk in the Financial Services Sectors : an Overview 2. A taxonomy of cyber crime in the financial sector: a comprehensive approach to countermeasures 3. Big Data Analytic Tooling and Cyber Risk Management 4. Cyber Risk and Managing Risk in the United States 5. Cyber Security of Financial Sectors in Japan, South Korea and China 6. Medical Big Data - cyber risk/crime in the financial services 7. Cyber Risk and Data Protection in Polish Financial Sectors 8. Dealing with Cyber Risk in Japanese Financial Institutions
