Paper Content References with Annotations
Ali, L. (2019). CYBER CRIMES-A CONSTANT THREAT FOR THE BUSINESS SECTORS AND ITS GROWTH (A STUDY OF THE ONLINE BANKING SECTORS IN GCC). The Journal of Developing Areas, 53(1), 267-279. http://mutex.gmu.edu/login?url=https://www-proquest-com.mutex.gmu.edu/scholarly-journals/cyber-crimes-constant-threat-business-sectors/docview/2094395116/se-2?accountid=14541 This research paper deals with the issues of cybercrimes and discusses how cybercrime activities effects the growth of the business sectors especially in the region of Gulf Countries Council (GCC). The data of the research is collected through survey questionnaire from employees of banking sectors and from general public and discussion is formed on how security measures could be further strengthened to improve the level of online banking security as well as the business growth in GCC. The importance of additional security devices to enhance the levels of security of online banking is also discussed. The research findings shows that cybercrime is one of the important issues that should be properly tackled by the banking and financial industry in GCC as the effects of cybercrimes are more than the financial integrity of financial institutions and other organizations.
Caulderwood, K. (2021, January 7). New computer virus targets banking sites to steal your info, experts warn. International Business Times. Retrieved September 20, 2021, from https://www.ibtimes.com/new-computer-virus-targets-banking-sites-steal-your-info-experts-warn-1488356#:~:text=A%20Trojan%20is%20a%20kind%20of%20computer%20virus,websites%20opened%20in%20Internet%20Explorer%20or%20Mozilla%20Firefox This newspaper article highlights the development of a new virus that can steal your banking information. The new virus, called Trojan-Banker, is particularly unique because of its apparently benign access when downloaded. After download, it infects a website or computer and performs its task. In this case, Trojan-Banker steals your banking information. It does this by allowing hackers to gain remote access to your computer.
Federwisch, A. (2015). Ethical issues in the financial services industry. Markkula Center for Applied Ethics. Retrieved September 25, 2021, from https://www.scu.edu/ethics/focus-areas/business-ethics/resources/ethical-issues-in-the-financial-services-industry/ Ethical issues in the financial services industry affect everyone, because even if you don’t work in the field, you’re a consumer of the services. This misperception persists for several reasons, Mitchell said. First of all, the industry itself is quite large. The industry is also highly regulated, so it’s likely that a higher percentage of these bad transactions are identified and reported, perhaps more so than in other less regulated industries. Ethical lapses do occur, and Duska discussed five reasons why these misdeeds may happen. He holds the Charles Lamont Post Chair of Ethics and the Professions at The American College. The Post Chair supports research and studies of the social responsibilities and ethical challenges facing the financial services industry.
Franklin, J. (2019). Central banks struggle with cybersecurity too. International Financial Law Review, http://mutex.gmu.edu/login?url=https://www-proquest-com.mutex.gmu.edu/scholarly-journals/central-banks-struggle-with-cybersecurity-too/docview/2304752336/se-2?accountid=14541 The gatekeepers of the global economy are coming up against many of, if not more than, the challenges that cybersecurity poses to the private sector Since the establishment of the Bank of England in 1694, the concept of central banks has evolved significantly. KEY TAKEAWAYS A recent attack on the European Central Bank has seen central bank cyber security again come to fruition; The Bank of America and the Bank of Spain have also endured attacks in recent years; Central banks are have both the risks of regular financial institutions and more, when it comes to ensuring they’re protected against possible attacks. ...]it’s possible that the contact data – but not the passwords – of 481 subscribers to the BIRD newsletter may have been captured.
Kari, M. (2019). Protecting the Besieged Cyber Fortress: Russia's Response to Cyber Threats. Academic Conferences International Limited. https://jyx.jyu.fi/handle/123456789/65402 The Information Security Doctrine of the Russian Federation (RF) defines the threat to information security as a complex of actions and factors that represent a danger to Russia in the information space. These threats can be information-psychological (i.e., when the adversary tries to influence a person's mind) or information-technical (i.e., when the object of influence is the information infrastructure). The information infrastructure of the RF is a combination of information systems, websites, and communication networks located in the territory of the RF, or those used as part of international treaties signed by the RF.
Labbé, A. (2018). PRIMER: banks and cyber security (part 1). International Financial Law Review, http://mutex.gmu.edu/login?url=https://www-proquest-com.mutex.gmu.edu/scholarly-journals/primer-banks-cyber-security-part-1/docview/2012825779/se-2?accountid=14541 According to Andrew Beckett, managing director and EMEA leader for Kroll's cyber security and investigations practice, banks need to understand the nuance of geographical requirements, which can sometimes make compliance very difficult. The focus has historically been on best practices. “Because of the lack of prescriptive frameworks - threats are so fast-evolving - banks tend to follow ISO standards ISO 27001 is the international standard for best practice information security management systems] to address cyber security,” said Camillo. What are Sheltered Harbour and Quantum Dawn? Because the digital landscape changes constantly – as do the threats banks face – there is no single fail proof way of staying safe.
Padmaavathy, P. A. (2019). CYBER CRIMES: A THREAT TO THE BANKING INDUSTRY. International Journal of Management Research and Reviews, 9(4), 1-9. from http://ijmrr.com/admin/upload_data/journal_Padmaavathy%20PA%20%20119mr.pdf Cybercrime is a broad term that is used to define criminal activity in which computers or computer networks are a tool, a target, or a place of criminal activity and include everything from electronic cracking to denial-of-service attacks. It also covers the traditional crimes in which computers or networks are used to enable the illicit activity. As cyber-attacks continue to plague businesses, it is banks who are under the greatest scrutiny from the increasing threat. Criminals can send phishing emails or set up fake websites that dupe consumers into giving away sensitive financial data. They can also leverage information from social media sites to socially engineer their way into accounts via customer service. Compared to today, the secure bank of the future will use more machine-learning technology and systems to proactively prevent potential breaches and data loss.
Skinner, C. P. (2019). Bank Disclosures of Cyber Exposure. Iowa Law Review, 105(1), 239-281. http://mutex.gmu.edu/login?url=https://www-proquest-com.mutex.gmu.edu/scholarly-journals/bank-disclosures-cyber-exposure/docview/2346692746/se-2?accountid=14541 Financial institutions are increasingly subject to cyber incidents and attacks. Cyber intrusions threaten these institutions' balance-sheets and reputations, and can undermine their resilience. From a societal perspective, cyber risk is particularly concerning as it regards systemically important financial institutions, like the largest internationally active banks. This is because the stability of the financial system as a whole-and thus the real economy-depends on these banks' resilience to stressful events, including cyber attacks. To date, the SEC has taken the lead among the financial regulators in addressing cyber risk, chiefly through an emphasis on disclosure. This Article critically examines the existing design of that mandatory disclosure regime by reviewing the content of nearly 900 SEC filings made by the seven systemically important U.S. bank holding companies over a three-year period. That review suggests that the current trajectory of SEC rules and guidance is in some ways overbroad as applied to these institutions; but in other ways, the rules and guidance remain inadequate to address the various public and private interests at stake. The Article urges the SEC to design a more nuanced set of rules for cyber disclosure, which would be better tailored for systemically important banks.
Website Media Reference
SecurityMagazine.com. (2017, May 31). Cybercrime to cost global business $8 trillion in the next 5 years. Security Magazine RSS. Retrieved October 21, 2021, from https://www.securitymagazine.com/articles/88049-cybercrime-to-cost-global-business-8-trillion-in-the-next-5-years This image displays a tangible representation of the security measures banks must take when approaching cybercrime. It captures the viewers attentions with large bolded words and can be included in my “security/protective measures” tab.
Neygandhi, S. (2020, June 22). Prevention of cyber crime in banking sector. Legalogy. Retrieved October 21, 2021, from https://www.legalogy.in/prevention-of-cyber-crime-in-banking-sector/ This graphic depicts hacker activity in the banking sector. It gives sufficient graphics to display each method a hacker uses to infiltrate banks (e.g. DDoS and Malware) and will be used in my threats tab on the website.
Computer Equipment. City of Boise. (n.d.). Retrieved October 14, 2021, from https://www.cityofboise.org/departments/public-works/curb-it/curb-it-digital-sorting-guide/household-hazardous-waste/computer-equipment/ This is a simple picture of a computer. It will be used as a cover page to convey technological relevance to the viewer. This photo was suggested for use during a previous discussion post, and can be seen on the syllabus page.
Tamest Shale Task Force Report - Economic and Social Impacts. TAMEST The Academy of Medicine, Engineering and Science of Texas. (2017, June 18). Retrieved November 14, 2021, from https://tamest.org/shale-task-force/economic-social/. This is a simple image of a digital group. It will be used on the social and ethical implcations webpage as a visual aid for the viewer. It is from an article from The Academy of Medicine, Engineering, and Science of Texas.
Protect yourself against malware. Marine Credit Union. (2021, September 20). Retrieved November 14, 2021, from https://www.marinecu.com/blog/blog-protect-against-malware/. This image is depicts a generic lock and credit card. It will be used for my title page for extra viusal details for the viewer.
Link to original video created in lab. Video is a brief overview of the content of this webpage. Created 11/14/2021. Video is original and created by me.
Website Links