Cyber Security in Banking Sector

2019 ◽  
Vol 8 (2) ◽  
pp. 39-52
Author(s):  
Michael BEST ◽  
Lachezar KRUMOV ◽  
Ioan BACIVAROV
Keyword(s):  
Financial Institutions ◽  
Cyber Security ◽  
Banking Sector ◽  
Paper Analysis ◽  
Cyber Attacks ◽  
Cyber Attack ◽  
Network Graph ◽  
Bottom Line ◽  
Security Controls ◽  
Bank Robbery

Because banks are very often target of a cyber-attack, they have also good security controls in place. This paper analysis modern threats to banks and proposes an approach to detect and visualize the risk of data leakage. In the first part of this paper, a comparative analysis of the most common threats to the banking sector is made, based on both bank reports and cyber security companies. The authors came to the conclusion that at the bottom line, insider knowledge is necessary, which is the result of data leakage. This paper comparatively analysis modern threats to banks and shows an approach to detect and visualize the risk of data leakage. In the second part of the paper, a model - based on network graph - that can enumerate the risk of data leakage is proposed. Graphing a network of an organization with the connections of data flow between assets and actors can identify insecure connections that may lead to data leakage. As is demonstrated in this paper, financial institutions are important targets of cyber attacks. Consequently, the financial sector must invest heavily in cybersecurity and find the best ways to counter cyber attacks and cyber bank robbery attempts.

SARCP - Exploiting Cyber-Attack Prediction Through Socially-Aware Recommendation

2022 ◽  
Vol 14 (1) ◽  
pp. 0-0
Keyword(s):  
Social Network ◽  
Real World ◽  
Cyber Security ◽  
Betweenness Centrality ◽  
Cyber Attacks ◽  
Experimental Results ◽  
Cyber Attack ◽  
Defence Mechanisms ◽  
Network Measure ◽  
Recommender Algorithm

In the domain of cyber security, the defence mechanisms of networks has traditionally been placed in a reactionary role. Cyber security professionals are therefore disadvantaged in a cyber-attack situation due to the fact that it is vital that they maneuver such attacks before the network is totally compromised. In this paper, we utilize the Betweenness Centrality network measure (social property) to discover possible cyber-attack paths and then employ computation of similar personality of nodes/users to generate predictions about possible attacks within the network. Our method proposes a social recommender algorithm called socially-aware recommendation of cyber-attack paths (SARCP), as an attack predictor in the cyber security defence domain. In a social network, SARCP exploits and delivers all possible paths which can result in cyber-attacks. Using a real-world dataset and relevant evaluation metrics, experimental results in the paper show that our proposed method is favorable and effective.

scholarly journals Cyber Attacks on Critical Infrastructure

2016 ◽  
pp. 448-465
Author(s):  
Ana Kovacevic ◽  
Dragana Nikolic
Keyword(s):  
Control Systems ◽  
Cyber Security ◽  
Critical Infrastructure ◽  
Cyber Attacks ◽  
Cyber Attack ◽  
Future Directions ◽  
Infrastructure Systems ◽  
Cyber Threats ◽  
Scada Systems ◽  
Insight Into

We are facing the expansion of cyber incidents, and they are becoming more severe. This results in the necessity to improve security, especially in the vulnerable field of critical infrastructure. One of the problems in the security of critical infrastructures is the level of awareness related to the effect of cyberattacks. The threat to critical infrastructure is real, so it is necessary to be aware of it and anticipate, predict, and prepare against a cyber attack. The main reason for the escalation of cyberattacks in the field of Critical Infrastructure (CI) may be that most control systems used for CI do not utilise propriety protocols and software anymore; they instead utilise standard solutions. As a result, critical infrastructure systems are more than ever before becoming vulnerable and exposed to cyber threats. It is important to get an insight into what attack types occur, as this may help direct cyber security efforts. In this chapter, the authors present vulnerabilities of SCADA systems against cyber attack, analyse and classify existing cyber attacks, and give future directions to achieve better security of SCADA systems.

scholarly journals Prioritizing computer security controls for home users

2019 ◽  
Author(s):  
Justin Fanelli ◽  
John Waxler
Keyword(s):  
Computer Security ◽  
Cyber Security ◽  
Cyber Attacks ◽  
Multi Criteria Decision Making ◽  
Data Systems ◽  
Security Controls ◽  
Home Computers ◽  
Subject Matter Expertise ◽  
Home Users ◽  
Home Computing

Hundreds of thousands of home users are victimized by cyber-attacks every year. Most experts agree that average home users are not doing enough to protect their computers and their information from cyber-attacks. Improperly managed home computers can lead to individuals losing data, systems performing slowly, loss of identity, and ransom payments; en masse attacks can act in concert to infect personal computers in business and government. Currently, home users receive conflicting guidance for a complicated terrain, often in the form of anecdotal 'Top 10' lists, that is not appropriate for their specific needs, and in many instances, users ignore all guidance. Often, these popular ‘Top 10’ lists appear to be based solely on opinion. Ultimately, we asked ourselves the following: how can we provide home users with better guidance for determining and applying appropriate security controls that meet their needs and can be verified by the cyber security community? In this paper, we propose a methodology for determining and prioritizing the most appropriate security controls for home computing. Using Multi Criteria Decision Making (MCDM) and subject matter expertise, we identify, analyze and prioritize security controls used by government and industry to determine which controls can substantively improve home computing security. We apply our methodology using examples to demonstrate its benefits.

Cyber Attacks on Critical Infrastructure

2015 ◽  
pp. 1-18 ◽  
Author(s):  
Ana Kovacevic ◽  
Dragana Nikolic
Keyword(s):  
Control Systems ◽  
Cyber Security ◽  
Critical Infrastructure ◽  
Cyber Attacks ◽  
Cyber Attack ◽  
Future Directions ◽  
Infrastructure Systems ◽  
Cyber Threats ◽  
Scada Systems ◽  
Insight Into

We are facing the expansion of cyber incidents, and they are becoming more severe. This results in the necessity to improve security, especially in the vulnerable field of critical infrastructure. One of the problems in the security of critical infrastructures is the level of awareness related to the effect of cyberattacks. The threat to critical infrastructure is real, so it is necessary to be aware of it and anticipate, predict, and prepare against a cyber attack. The main reason for the escalation of cyberattacks in the field of Critical Infrastructure (CI) may be that most control systems used for CI do not utilise propriety protocols and software anymore; they instead utilise standard solutions. As a result, critical infrastructure systems are more than ever before becoming vulnerable and exposed to cyber threats. It is important to get an insight into what attack types occur, as this may help direct cyber security efforts. In this chapter, the authors present vulnerabilities of SCADA systems against cyber attack, analyse and classify existing cyber attacks, and give future directions to achieve better security of SCADA systems.

Cyber Security Aspects of Virtualization in Cloud Computing Environments

2021 ◽  
pp. 1658-1671
Author(s):  
Darshan Mansukhbhai Tank ◽  
Akshai Aggarwal ◽  
Nirbhay Kumar Chaubey
Keyword(s):  
Cloud Computing ◽  
Cyber Security ◽  
Attack Detection ◽  
Cyber Attacks ◽  
Point Of View ◽  
Cyber Attack ◽  
Computing Environment ◽  
Cloud Computing Environment ◽  
Detection Approach ◽  
Detection Response

Cybercrime continues to emerge, with new threats surfacing every year. Every business, regardless of its size, is a potential target of cyber-attack. Cybersecurity in today's connected world is a key component of any establishment. Amidst known security threats in a virtualization environment, side-channel attacks (SCA) target most impressionable data and computations. SCA is flattering major security interests that need to be inspected from a new point of view. As a part of cybersecurity aspects, secured implementation of virtualization infrastructure is very much essential to ensure the overall security of the cloud computing environment. We require the most effective tools for threat detection, response, and reporting to safeguard business and customers from cyber-attacks. The objective of this chapter is to explore virtualization aspects of cybersecurity threats and solutions in the cloud computing environment. The authors also discuss the design of their novel ‘Flush+Flush' cache attack detection approach in a virtualized environment.

Cyber Security Aspects of Virtualization in Cloud Computing Environments

2020 ◽  
pp. 283-299 ◽  
Author(s):  
Darshan Mansukhbhai Tank ◽  
Akshai Aggarwal ◽  
Nirbhay Kumar Chaubey
Keyword(s):  
Cloud Computing ◽  
Cyber Security ◽  
Attack Detection ◽  
Cyber Attacks ◽  
Point Of View ◽  
Cyber Attack ◽  
Computing Environment ◽  
Cloud Computing Environment ◽  
Detection Approach ◽  
Detection Response

Cybercrime continues to emerge, with new threats surfacing every year. Every business, regardless of its size, is a potential target of cyber-attack. Cybersecurity in today's connected world is a key component of any establishment. Amidst known security threats in a virtualization environment, side-channel attacks (SCA) target most impressionable data and computations. SCA is flattering major security interests that need to be inspected from a new point of view. As a part of cybersecurity aspects, secured implementation of virtualization infrastructure is very much essential to ensure the overall security of the cloud computing environment. We require the most effective tools for threat detection, response, and reporting to safeguard business and customers from cyber-attacks. The objective of this chapter is to explore virtualization aspects of cybersecurity threats and solutions in the cloud computing environment. The authors also discuss the design of their novel ‘Flush+Flush' cache attack detection approach in a virtualized environment.

scholarly journals Warring from the virtual to the real: Assessing the public’s threshold for war over cyber security

2017 ◽  
Vol 4 (2) ◽  
pp. 205316801771593 ◽  
Author(s):  
Sarah Kreps ◽  
Debak Das
Keyword(s):  
Cyber Security ◽  
Presidential Election ◽  
Security Policy ◽  
Public Support ◽  
Cyber Attacks ◽  
Economic Consequences ◽  
Cyber Attack ◽  
The Real ◽  
Policy Responses ◽  
Us Presidential Election

Accusations of Russian hacking in the 2016 US presidential election has raised the salience of cyber security among the American public. However, there are still a number of unanswered questions about the circumstances under which particular policy responses are warranted in response to a cyber-attack and the public’s attitudes about the conditions that justify this range of responses. This research investigates the attributes of a cyber-attack that affect public support for retaliation. It finds that cyber-attacks that produce American casualties dramatically increase support for retaliatory airstrikes compared to attacks with economic consequences. Assessments of attribution that have bipartisan support increase support to a lesser extent but for a broader range of retaliatory measures. The findings have important implications for ongoing debates about cyber security policy.

scholarly journals Rising Cyber Crime in Rural India: A Review

2021 ◽  
pp. 199-205
Author(s):  
Syed Ubaid ◽  
Shakil ◽  
Mohammed Talha Alam ◽  
Shahab Saquib Sohail
Keyword(s):  
Cyber Security ◽  
Rural Areas ◽  
Cyber Attacks ◽  
Rural India ◽  
Cyber Crime ◽  
Cyber Attack ◽  
Rural People ◽  
Work From Home ◽  
Government Websites

This paper analyses the increasing cyber-crime in India, especially in the rural areas, andcyber-attacks on service-providing government websites. Cyber-attacks are viewed within the context of important events to reveal the effectiveness of cyber-attack campaigns. The analysis highlights the range of cyber issues experienced during the lockdown in the country due to the COVID-19 pandemic. The paper shows how work-from-home campaigns digitalize the population, and how rural people become the victim of cyber-attacks. The analysis also emphasizes possible solutions to strengthen cyber security.

scholarly journals Cyber-Attack Scoring Model Based on the Offensive Cybersecurity Framework

2021 ◽  
Vol 11 (16) ◽  
pp. 7738
Author(s):  
Kyounggon Kim ◽  
Faisal Abdulaziz Alfouzan ◽  
Huykang Kim
Keyword(s):  
Cyber Security ◽  
Personal Information ◽  
Cyber Attacks ◽  
The Internet ◽  
Critical Infrastructures ◽  
Cyber Attack ◽  
Security Framework ◽  
Scoring Model ◽  
Advanced Persistent Threats ◽  
The World

Cyber-attacks have become commonplace in the world of the Internet. The nature of cyber-attacks is gradually changing. Early cyber-attacks were usually conducted by curious personal hackers who used simple techniques to hack homepages and steal personal information. Lately, cyber attackers have started using sophisticated cyber-attack techniques that enable them to retrieve national confidential information beyond the theft of personal information or defacing websites. These sophisticated and advanced cyber-attacks can disrupt the critical infrastructures of a nation. Much research regarding cyber-attacks has been conducted; however, there has been a lack of research related to measuring cyber-attacks from the perspective of offensive cybersecurity. This motivated us to propose a methodology for quantifying cyber-attacks such that they are measurable rather than abstract. For this purpose, we identified each element of offensive cybersecurity used in cyber-attacks. We also investigated the extent to which the detailed techniques identified in the offensive cyber-security framework were used, by analyzing cyber-attacks. Based on these investigations, the complexity and intensity of cyber-attacks can be measured and quantified. We evaluated advanced persistent threats (APT) and fileless cyber-attacks that occurred between 2010 and 2020 based on the methodology we developed. Based on our research methodology, we expect that researchers will be able to measure future cyber-attacks.

scholarly journals Impacted Cyber Attacks Assessment in Wide Range of Big Data Security Systems

2019 ◽  
Vol 8 (3S) ◽  
pp. 625-629
Keyword(s):  
Big Data ◽  
Cyber Security ◽  
Cyber Attacks ◽  
Cyber Attack ◽  
Security Systems ◽  
Computing Systems ◽  
Wide Range ◽  
Software Platforms ◽  
The Cost ◽  
And Storage

The technological advancements in image storage, data processing, and signal analysis of Big Data include (a) the fastly degrade the cost of storage and CPU power in recent arena; the flexibility and cost-effectiveness of data operating platforms and cloud computing systems for flexible computation and storage; and (c) the development of new frameworks , which allow users to take advantage of these divided computing systems storing large amount of data which is almost flexible parallel processing. The proposed survey work focused on discussing the various impacted cyber-attack critics available in industry and the trending algorithms available for cyber security etc. Big data in IoT clouds handling and software platforms which allow the malware enter into the working systems are analyzed, reliable methods to avoid the miscellaneous malwares are clearly depicted here.

Sign in / Sign up

Export Citation Format

Share Document