INFORMATION SUPPORT OF FINANCIAL RELATIONS AS A OBJECT OF PROTECTION

2020 ◽  
Author(s):  
Lesya Yastrubetska ◽  
Keyword(s):  
Information Security ◽  
Financial Management ◽  
Security Policy ◽  
Rapid Development ◽  
Legal Regulation ◽  
Financial Information ◽  
International Standards ◽  
Financial Data ◽  
Information Support ◽  
Financial Security

The information transformation of society, which has significantly accelerated as a result of the Covid-19 pandemic, has led to the emergence of new circumstances for doing business with a more active use of digital technologies. Simultaneously with the optimization of the organization of financial management in enterprises, the level of threats to their information security has significantly increased. Cybercrime, which is realized in the form of unauthorized interference in the work of information systems, illegal destruction, distortion or disclosure of confidential financial data, has gained rapid development and spread. Disclosure of trade secrets of companies and leakage of important information can cause significant moral and material damage to business units and significantly reduce the level of their financial security. The actualization of the need to protect the financial data of economic entities has necessitated the development and presentation in the article of proposals for the formation of a system for the protection of confidential financial information. To this end, the author identifies sources of confidential financial information of enterprises, targets and subjects of computer crimes. The article proposes the classification of insiders and identifies the features of their motivation in committing illegal acts. When building a system of protection of confidential financial information at the enterprise, the author proposes to take into account a number of principles. These include the principle of financial feasibility, the principle of legal regulation, the principle of internal regulation, the principle of balancing the interests of the enterprise and its economic environment, the principle of integration with international standards for the protection of confidential financial information. The formation of an effective information security policy at both the state and enterprise levels, as well as the development and implementation of appropriate measures can eliminate or significantly reduce financial losses from information threats, which will increase the level of financial security of economic entities.

Research on the Impact of Information Security Certification and Concealment onFinancial Performance

2022 ◽  
Vol 30 (3) ◽  
pp. 0-0
Keyword(s):  
Information Security ◽  
Financial Performance ◽  
Positive Impact ◽  
Rapid Development ◽  
International Standards ◽  
Corporate Decisions ◽  
Using Data ◽  
The Impact ◽  
The Relationship ◽  
Iso 27001

With the rapid development of information technology, information security has been gaining attention. The International Organization for Standardization (ISO) has issued international standards and technical reports related to information security, which are gradually being adopted by enterprises. This study analyzes the relationship between information security certification (ISO 27001) and corporate financial performance using data from Chinese publicly listed companies. The study focusses on the impact of corporate decisions such as whether to obtain certification, how long to hold certification, and whether to publicize information regarding certification. The results show that there is a positive correlation between ISO 27001 and financial performance. Moreover, the positive impact of ISO 27001 on financial performance gradually increases with time. In addition, choosing not to publicize ISO 27001 certification can negatively affect enterprise performance.

scholarly journals State Information Security Policy (Comparative Legal Aspect)

2021 ◽  
Vol 39 (71) ◽  
pp. 166-186
Author(s):  
Viacheslav B. Dziundziuk ◽  
Yevgen V. Kotukh ◽  
Olena M. Krutii ◽  
Vitalii P. Solovykh ◽  
Oleksandr A. Kotukov
Keyword(s):  
Information Security ◽  
Security Policy ◽  
Rapid Development ◽  
Legal Aspect ◽  
Public Information ◽  
Security Policies ◽  
The European Union ◽  
Public Authorities ◽  
Information Security Policy ◽  
State Information

The rapid development of information technology and the problem of its rapid implementation in all spheres of public life, the growing importance of information in management decisions to be made by public authorities, a new format of media — these and other factors urge the problem of developing and implementing quality state information security policy. The aim of the article was to conduct a comparative analysis of the latest practices of improving public information security policies in the European Union, as well as European countries such as Poland, Germany, Great Britain, and Ukraine. The formal-logic, system-structural and problem-theoretical methods were the leading methodological tools. The analysis of regulatory legal acts showed that there is a single concept of international information security at the global and regional levels, which requires additional legal instruments for its implementation. It is stated that the reform of national information security policies has a direct impact on the formation of a single global information space. According to the results of the study, it is substantiated that the United Kingdom is characterized by the most promising information security policy.

scholarly journals International methods of accounting and giving financial reporting to banking institutions

2020 ◽  
pp. 115-123
Author(s):  
S. Khomovyi ◽  
N. Khomyak ◽  
N. Tomilova-Yaremchuk ◽  
V. Litvinenko
Keyword(s):  
Financial Reporting ◽  
Financial Management ◽  
Political Influence ◽  
Financial Information ◽  
International Standards ◽  
Accounting System ◽  
Advantages And Disadvantages ◽  
The World ◽  
Banking Institutions ◽  
Ifrs Implementation

The article analyzes the trends of annual increase in the number of countries that encourage the use of IFRS in their territories in different companies and in different spheres of activity. Developed system of IFRS implementation, their transparency and openness will further lead to a significant improvement in relations with investors and increase their confidence in banks. The comparison of the status of the IFRS use for organizations around the world has been conducted. The immediate connection between the effective activity of banking institutions in foreign countries and the introduction of IFRS has been demonstrated. The factors of proximity of countries to the political forces formed in IASB have been highlighted, and the indicators of probable national strategies of IFRS implementation in different countries of the world have been given. While Ukraine is one of the countries that has quite weak political influence on the management decisions of the IASC. It was found out that in Ukraine the process of harmonization of accounting with IFRS in the banking sector began in 1998, however they began to be considered as a subject of regulation only recently. Nowadays, IFRS is already the basis of UAS and other regulations, which indicates the effectiveness of the process of combining national characteristics of doing business in Ukraine with international ones. It has been established that an important factor in adjusting the Ukrainian banking accounting system is to provide real financial information about the true price of assets of the bank, their profitability, transparency of accounting activities, creating effective methodological and legal documents governing the accounting of financial instruments under international rules. The plans of bank accounts before and after the reform have been considered, their advantages and disadvantages have been outlined. In this research the general problems in banking institutions in the process of implementing international standards, as well as possible ways to solve them have been also analyzed. The process of monitoring the quality of financial reporting in banks is also important. The analysis of foreign systems of this process has shown that the most favorable for Ukrainian banks is the control structure used in Germany. Among the main risks of full implementation of IFRS in banking institutions of Ukraine, we have identified: 1) internal ‒ an increase in the number of users of financial information; content of corporate reporting (integrated, non-financial, management); corporate auditing policy; 2) external ‒ financial risks; the danger of rapid integration into international financial markets; interest rate risks. Key words: accounting, IFRS, banks, organization of accounting, chart of accounts, regulation of accounting standard, financial

scholarly journals Hospital Staff’s Adherence to Information Security Policy: A Quest for the Antecedents of Deterrence Variables

2021 ◽  
Vol 58 ◽  
pp. 004695802110295
Author(s):  
Kuang-Ming Kuo ◽  
Paul C. Talley ◽  
Dyi-Yih Michael Lin
Keyword(s):  
Information Security ◽  
Security Policy ◽  
Structural Equation ◽  
International Standards ◽  
Equation Modeling ◽  
Management Support ◽  
Internal Auditing ◽  
Information Security Policy ◽  
Security Breaches ◽  
Upper Echelon Theory

Information security has come to the forefront as an organizational priority since information systems are considered as some of the most important assets for achieving competitive advantages. Despite huge capital expenditures devoted to information security, the occurrence of security breaches is still very much on the rise. More studies are thus required to inform organizations with a better insight on how to adequately promote information security. To address this issue, this study investigates important factors influencing hospital staff’s adherence to Information Security Policy (ISP). Deterrence theory is adopted as the theoretical underpinning, in which punishment severity and punishment certainty are recognized as the most significant predictors of ISP adherence. Further, this study attempts to identify the antecedents of punishment severity and punishment certainty by drawing from upper echelon theory and well-acknowledged international standards of IS security practices. A survey approach was used to collect 299 valid responses from a large Taiwanese healthcare system, and hypotheses were tested by applying partial least squares-based structural equation modeling. Our empirical results show that Security Education, Training, and Awareness (SETA) programs, combined with internal auditing effectiveness are significant predictors of punishment severity and punishment certainty, while top management support is not. Further, punishment severity and punishment certainty are significant predictors of hospital staff’s ISP adherence intention. Our study highlights the importance of SETA programs and internal auditing for reinforcing hospital staff’s perceptions on punishment concerning ISP violation, hospitals can thus propose better internal strategies to improve their staff’s ISP compliance intention accordingly.

scholarly journals The study of Accountants Perceptions of Different Security Systems Adopted in the Public Accounting Sector in Lebanon

2019 ◽  
Vol 13 (1) ◽  
pp. 335-346
Author(s):  
Ali Kassem ◽  
Bogdan Stefan Ionescu
Keyword(s):  
Implementation Process ◽  
Financial Information ◽  
International Standards ◽  
Financial Data ◽  
Quantitative Methodology ◽  
Security Measures ◽  
Validity And Reliability ◽  
Public Accounting ◽  
Security Systems ◽  
The Public

Abstract Public Accounting is one of the very rising sectors in the industry. The aim is to produce bulk of financial information that can be further used for making informed decisions by the stakeholders. The wrong information or might jeopardize the involved businesses and thus it is necessary to protect this sort of information from outside and vulnerable attacks. As, the transparency and accountability of financial statement is very crucial for the stakeholder’s trust as well as the investment, the security of financial information is very essential for the relevance, validity, and reliability of the financial data. However, there is always a lingering risk of security breaches such as brute force attacks to get the information. The main focus of this paper is to examine the security systems and the strategies used by the public accountants in Lebanon to secure the financial data and relevance of financial reports. To carry out this study a quantitative methodology was applied and a survey was conducted with a representative sample of accountants, who are currently employed in the Lebanese governmental sector. The survey questionnaire was prepared to measure their perceptions regarding the security of the public accounting in Lebanon and to also evaluate their efficiency in protecting the data as well as detecting threats. The research conducted is likely to determine the quality of financial data protection in public accounting in Lebanon and suggest possible solutions in increasing security. As, the security measures are an integral part of the IPSAS implementation process this study highly contributes to both the theory of the IPSAS adoption and the practice of aligning local accounting practices in accordance to the international standards by doing exorbitant efforts to strengthen the security management in Lebanon’s Public Accounting Sector.

scholarly journals Research on the Impact of Information Security Certification and Concealment on Financial Performance

2022 ◽  
Vol 30 (3) ◽  
pp. 1-16
Author(s):  
Wenqing Wu ◽  
Kun Shi ◽  
Chia-Huei Wu ◽  
Jiayue Liu
Keyword(s):  
Information Security ◽  
Financial Performance ◽  
Positive Impact ◽  
Rapid Development ◽  
International Standards ◽  
Corporate Decisions ◽  
Using Data ◽  
The Impact ◽  
The Relationship ◽  
Iso 27001

With the rapid development of information technology, information security has been gaining attention. The International Organization for Standardization (ISO) has issued international standards and technical reports related to information security, which are gradually being adopted by enterprises. This study analyzes the relationship between information security certification (ISO 27001) and corporate financial performance using data from Chinese publicly listed companies. The study focusses on the impact of corporate decisions such as whether to obtain certification, how long to hold certification, and whether to publicize information regarding certification. The results show that there is a positive correlation between ISO 27001 and financial performance. Moreover, the positive impact of ISO 27001 on financial performance gradually increases with time. In addition, choosing not to publicize ISO 27001 certification can negatively affect enterprise performance.

An Application of Blockchain in Stock Market

2020 ◽  
pp. 103-118 ◽  
Author(s):  
Rajit Nair ◽  
Amit Bhagat
Keyword(s):  
Stock Market ◽  
Financial Management ◽  
Market Analysis ◽  
Financial Data ◽  
Stock Exchanges ◽  
Financial Security ◽  
Blockchain Technology ◽  
Market Management ◽  
System Risk ◽  
Market Transaction

Blockchain is one of the growing technologies used for financial management systems. Financial data must be kept secure otherwise it can create a huge loss. So, whenever security features or technologies are developed must keep financial security as a priority. Stock market management is another area of finance sector that works on two concepts, that is, minimize the risk and maximize the profit. In this chapter, the authors discuss how blockchain technology is used for stock market analysis. Mainly blockchain will help us to make optimal stock exchanges through automation and decentralization. Stock market across the globe is rapidly using blockchain technology for the market transaction. Some of the country is still preparing themselves to use the blockchain technology. This technology offers huge potential for tracing securities lending, margin financing, and surveillance of system risk.

Research on Data Sharing for College Financial Systems and Digital Campus

2014 ◽  
Vol 687-691 ◽  
pp. 2706-2709
Author(s):  
Zhen Sheng Zhuang
Keyword(s):  
Data Sharing ◽  
Financial Management ◽  
Data Extraction ◽  
Rapid Development ◽  
Financial System ◽  
Financial Data ◽  
Internet Technology ◽  
Digital Campus ◽  
Processing Strategies ◽  
Financial Management System

With the rapid development of Internet technology and wide use of computer, digitalization also gets large growth attributes to the surprisingly fast development of science and technology at college. The data sharing has become the bottleneck of digital campus development between the financial system and the use of digital campus data files. In this paper, we make the analysis financial data of the financial system and the digital campus network data sharing, automated processing strategies, and achieve the financial data subscription, automated data extraction. Combining financial system and informatization together with the purpose of realizing a complete sharing of financial information, we have designed the college financial management system, which includes the subsystems: account management, student fees management, compensation management and so on. This paper also makes firstly introduction of the technology adopted in the system and explain the function of each subsystem.

scholarly journals Pendayagunaan Software Asisten Dalam Pengelolaan Sistem Informasi Manajemen Keuangan Sekolah

2020 ◽  
Vol 4 (1) ◽  
pp. 13
Author(s):  
Iqbal Bukhori ◽  
Imas Siti Rojab ◽  
Iwan Sopwandin ◽  
Ara Hidayat
Keyword(s):  
Information Management ◽  
Financial Management ◽  
Management System ◽  
Input Data ◽  
Financial Information ◽  
Financial Data ◽  
Financial Management System ◽  
Financial Administration ◽  
Manual Input ◽  
Financial Software

This study aims to determine the management of the school's financial management system in Madrasah Aliyah Al-mu'awanah and the implementation of Assistant software utilization in the management of the school's financial management system in Al-Mu'awanah Madrasah. This research uses an approach to research and development (R & D) research. Research results show that in practice financial management in Madrasah Aliyah Al-mu'awanah is still based on a manual input data system so that in the process there are obstacles especially in data processing and school financial data recapitulation. Implementation of the use of assistant software in the process of school financial information management provides a positive picture, the statement is reinforced by the presence of a good response from respondents. Based on the distribution of the questionnaire that has been given to the respondents, the percentage of eligibility is 84%. The percentage of feasibility obtained shows that the utilization of computerized software or financial software is feasible to be used as school financial administration software, especially in Madrasah Aliyah Al-Mu'awanah.

scholarly journals ANALISIS PENERAPAN SISTEM INFORMASI MANAJEMEN DAERAH (SIMDA) KEUANGAN DALAM PENGELOLAAN KEUANGAN DAERAH PEMERINTAH KOTA MANADO

2016 ◽  
Vol 5 (2) ◽  
pp. 72
Author(s):  
Juddy Julian Pilat ◽  
Jullie J. Sondakh ◽  
Hendrik Manossoh
Keyword(s):  
Information System ◽  
Data Processing ◽  
Internal Control ◽  
Financial Management ◽  
Local Governments ◽  
Data Interpretation ◽  
Financial Information ◽  
City Government ◽  
Financial Data ◽  
Validity And Reliability

Local autonomy gives authority to local governments to implement their own financial management, which led to public accountability through the presentation of financial statements to the public. The obligation of governments to use information technology to simplify and improve the ability of financial data processing. Implementation of an integrated Financial LMIS can facilitate financial management to produce financial information that is integrated, comprehensive, precise and accurate. The purpose of this research is to (1). analyze the supporting factors owned by Manado City Government in order to implement the Financial LMIS, (2). analyze Financial LMIS as a local financial information system in assisting the local financial management and (3). analyze internal control of Financial LMIS in financial data processing. The analytical method used is qualitative descriptive phenomenology. Qualitative data were obtained by indepth interviews, observation and documentation. Validity and reliability of the data were determined by data and resources triangulation. The acquired data were coded into patterns and analysed, data interpretation and conclusion. Results of research and analysis indicate that Manado City Government had supporting factors such in order to implement the Financial LMIS optimally such as: communication, resources, disposition/attitude and bureaucratic structures. Financial LMIS is very important and very helpful in helping an integrated local financial management as well as play a role in order to: support the organization's operations, support decision making and support the achievement of strategic goals and objectives of the organization. Financial LMIS has been supported by adequate internal controls to ensure the effectiveness and efficiency implementation of a system that has been designed with some type of control, such as: control of access and user authority, control of physical security, control of menu based functions and control of applications. Keywords: Financial Local Management Information System (LMIS), Local Financial Management.

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