Cyber Security Risk Assessment

Economica ◽  
2021 ◽  
Author(s):  
Valentin Briceag ◽  
◽  
Tudor Bragaru ◽  
Keyword(s):  
Cyber Security ◽  
Business Processes ◽  
Personal Data ◽  
Remote Work ◽  
Security Risk ◽  
Sensitive Data ◽  
Computing Services ◽  
Sudden Rise ◽  
Assessment And Treatment ◽  
Security Risk Assessment

The COVID-19 pandemic has accelerated the digitization of business processes, remote work/ access to sensitive data and critical corporate resources. There is a fast expansion of cloud computing services. The cybercrime follows the same trend: the sudden rise of global ransomware attacks, theft and disclosure of personal data, attacks on news sites, phishing email attacks, etc. The cybercrime increase reported since the beginning of the pandemic is about 300%. As a result, cyber security has become very important for all organizations,of all types and sizes. This paper aims to elucidate modern trends in the assessment and treatment of cyber security risks of an entity, automatize the cyber security processes to remove repetitive tasks and reduce the influence of the human factor.

Methodology for Cyber Security Risk Mitigation in Next Generation SCADA Systems

2020 ◽  
pp. 27-46
Author(s):  
Jasna D. Marković-Petrović
Keyword(s):  
Cyber Security ◽  
Network Architecture ◽  
Risk Mitigation ◽  
Hydropower Plant ◽  
Security Risk ◽  
Intrusion Prevention ◽  
Computing Services ◽  
Scada Systems ◽  
Private And Public ◽  
Security Risk Assessment

The evolution of architecture of contemporary SCADA systems follows trends in industry sector. Today, SCADA systems imply the application of smart grid and artificial intelligence concepts, the use of IP-based technologies, new mobile devices, as well as the use of private and public cloud computing services. Security risk assessment of contemporary SCADA systems needs to include new security aspects. This chapter analyzes information security in contemporary SCADA systems. Focus is then directed to SCADA network architecture and recommended security mechanisms for mitigating the security risk that assumes the use of Defense in Depth concept. Special attention is paid to SCADA-specific intrusion detection and intrusion prevention technologies. A case study outlines recommendations for security risk mitigation of SCADA system in a hydropower plant.

scholarly journals USE OF INFORMATION TECHNOLOGIES IN SUPERVISION REMOTE PRACTICE: DATA SECURITY

2021 ◽  
Vol 5 ◽  
pp. 318-329
Author(s):  
Kirils Dubinins ◽  
Kristīne Mārtinsone
Keyword(s):  
Information Technology ◽  
Data Protection ◽  
Cyber Security ◽  
Technology Use ◽  
Information Technologies ◽  
Best Practice ◽  
Panel Discussion ◽  
Personal Data ◽  
Security Risk ◽  
Personal Data Protection

Provision of remote services became relevant all over the world, during the 2020 COVID-19 pandemic. Latvian supervisors were also forced to transfer their practice to the digital space as well. COVID-19 pandemic challenges opened a wider range of opportunities for improvement remote practice. Pandemic also highlighted the risks associated with lack of relevant competences. At the global level over the last decade, risks associated with remote counselling summarized in guidelines, providing professionals with examples of best practice. In Latvia, on other hand, such guidelines have not adopted yet.This study developed with the aim to find out the awareness of Latvian supervisors about the risks (cyber security) of using information technology and the protection of personal data in the conditions created by the COVID-19 pandemic.To find out how Latvian supervisors are aware about the risks of using information technology (cyber security) and personal data protection, a survey conducted among Latvian supervisors and organizing an expert panel discussion, scientific strength of the study ensured by data triangulation.The obtained results allowed to conclude that the COVID-19 pandemic highlighted the need for supervision remote practice, at the same time the research data show that the awareness of Latvian supervisors about the risks of information technology use (cyber security) and personal data protection is medium to low.The results of the research show that in the education of Latvian supervisors it is necessary to allocate place for the acquisition of information technology (cyber security) risk and personal data protection regulation.This research emphasizes the importance of several supervisors’ competences such as digital knowledge and personal data protection, however further research is needed to find the most effective methods how to improve these competences.  

A Need for Cyber Security Creativity

2018 ◽  
pp. 192-211
Author(s):  
Harold Patrick ◽  
Ziska Fields
Keyword(s):  
Risk Assessment ◽  
Information Technology ◽  
Cyber Security ◽  
Data Analytics ◽  
Security Risk ◽  
Technology Advancement ◽  
Economic Markets ◽  
Security Risk Assessment

Information technology is rapidly increasing and evolving all the time in pursuit for better solutions and products for the digitized world. Technology advancement and greater connectivity has moved organizations to better economic markets for sustainability. Together with better technology and greater connectivity, cybercrime is swiftly growing on par with these developments. This chapter focuses on the cyber security landscape and threats faced by organizations. The growth and sophistication of cybercrime is stressed. Cyber security creative approaches security risk assessment, cloud collaboration and data analytics are provided. This chapter ends with propositions that security creative approaches should be used as a method of managing cybercrime and ensuring that the organization's sustainability and governance are improved.

Securing Financial Inclusiveness Adoption of Blockchain FinTech Compliance

2022 ◽  
pp. 168-196
Author(s):  
Heru Susanto ◽  
Fahmi Ibrahim ◽  
Rodiah ◽  
Didi Rosiyadi ◽  
Desi Setiana ◽  
...  
Keyword(s):  
Cyber Security ◽  
Financial Services ◽  
Business Models ◽  
Service Providers ◽  
Personal Data ◽  
Financial Service ◽  
Management Approach ◽  
Security Risk ◽  
Payment Systems ◽  
Major Target

Financial technology (FinTech) as part of financial inlcussion changes conventional business models to be information technology minded. The presence of FinTech in the wider community makes it easy for access to financial service products and transactions and payment systems more practically, efficiently, and economically. Unfortunately, as the security risk in transacting increases, cyber security in the financial services industry and FinTech service providers is considered a major target by cybercriminals. This study proposed a security management approach through hybrid blockchain method implemented through flask framework and encryption to protect transaction data. The results are promising. Referring to accuracy, this study successfully reduces data leakage and misuse of personal data and financial data in FinTechs.

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