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Cyber Security in the Financial Indu...

Collins, Autumn.

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Cyber Security in the Financial Industry.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Cyber Security in the Financial Industry./
Author:	Collins, Autumn.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2017,
Description:	55 p.
Notes:	Source: Masters Abstracts International, Volume: 57-02.
Contained By:	Masters Abstracts International57-02(E).
Subject:	Information technology. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10636791
ISBN:	9780355394368

Cyber Security in the Financial Industry.
Collins, Autumn.

Cyber Security in the Financial Industry. - Ann Arbor : ProQuest Dissertations & Theses, 2017 - 55 p.

Source: Masters Abstracts International, Volume: 57-02.

Thesis (M.S.)--Utica College, 2017.

The goals of this capstone project were to examine the emerging threat of ransomware with respect to financial institutions and to propose important changes to cyber security standards aimed at addressing the risks posed by a ransomware attack . This project highlights the impact that ransomware can have on the data stored on financial networks, discusses the different vulnerabilities attackers exploit in order to penetrate these networks and proposes changes to current cyber security practices in the industry that could help mitigate the damage of a potential ransomware infection. As ransomware attacks become more sophisticated and hackers continue to push the boundaries of modern cryptography, the potential benefits of enhanced prevention guidelines and coordination among players in the financial industry are becoming more evident. A review of existing research on ransomware indicated that while much is known in academia about the theory behind and the structure of cryptovirus code, few papers propose detailed prevention techniques for financial clients beyond cursory mentions of the need for awareness and the importance of keeping anti-virus software updated. The damage inflicted on the private sector during ransomware attacks in recent years highlights the need for a more robust and collaborative approach to cyber security in the financial industry. Additionally, the rise of social media and mobile banking applications have provided hackers new vehicles through which they can launch their attacks, while the advent of crypto currencies such as Bitcoin and Ethereum have made ransom payments untraceable to authorities. Only through a collaborative, standardized approach can the financial industry hope to protect its sensitive data from ever evolving cyber threats.

ISBN: 9780355394368Subjects--Topical Terms:

532993
Information technology.

Cyber Security in the Financial Industry.
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520 $a The goals of this capstone project were to examine the emerging threat of ransomware with respect to financial institutions and to propose important changes to cyber security standards aimed at addressing the risks posed by a ransomware attack . This project highlights the impact that ransomware can have on the data stored on financial networks, discusses the different vulnerabilities attackers exploit in order to penetrate these networks and proposes changes to current cyber security practices in the industry that could help mitigate the damage of a potential ransomware infection. As ransomware attacks become more sophisticated and hackers continue to push the boundaries of modern cryptography, the potential benefits of enhanced prevention guidelines and coordination among players in the financial industry are becoming more evident. A review of existing research on ransomware indicated that while much is known in academia about the theory behind and the structure of cryptovirus code, few papers propose detailed prevention techniques for financial clients beyond cursory mentions of the need for awareness and the importance of keeping anti-virus software updated. The damage inflicted on the private sector during ransomware attacks in recent years highlights the need for a more robust and collaborative approach to cyber security in the financial industry. Additionally, the rise of social media and mobile banking applications have provided hackers new vehicles through which they can launch their attacks, while the advent of crypto currencies such as Bitcoin and Ethereum have made ransom payments untraceable to authorities. Only through a collaborative, standardized approach can the financial industry hope to protect its sensitive data from ever evolving cyber threats.
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