Review Study on Fintech A Topic of Cyber Security

Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, Blockchain, Cloud computing, and big data are regarded as the "ABCD" (four key areas) of FinTech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies

The securitized workplace : document protection, insider threats and emerging ethnographic barriers in a South Korean organization

Purpose The purpose of this paper is to demonstrate how document protection has become a key object of concern for organizations, how the threat of leaks has led to an increase in security technologies and policies and how these developments present new and emergent ethnographic challenges for researchers. Through a study of a South Korean organization, the paper aims to demonstrate the ways workplace documents are figured into wider legal, regulatory and cyber security concerns. Design/methodology/approach The research is based on 12 months of intensive embedded fieldwork in a South Korean firm from 2014 to 2015 and follow-up interviews in 2018. The author followed an immersive and inductive approach to collecting ethnographic data in situ. The author was hired as an intern in a Korean conglomerate known as the Sangdo Group where he worked alongside Human Resources managers to understand their work practices. The present article reflects difficulties in his original research design and an attempt to analyze the barriers themselves. His analysis combines ideas from theories of securitization and document studies to understand how the idea of protection is reshaping workplaces in South Korea and elsewhere. Findings The paper highlights three findings first that South Korean workplaces have robust socio-material infrastructures around document protection and security, reflecting that security around document leaks is becoming integrated into normal organizational life. Second, the securitization of document leaks is shifting from treating document leaks as a threat to organizational existence, to a crime by individual actors that organizations track. Third, that even potential document leaks can have transitive effects on teams and managers. Originality/value Organizational security practices and their integration into workplace life have rarely been examined together. This paper connects Weber's insights on bureaucratization with the concept of securitization to examine the rise of document security practices and policies in a South Korean organization. The evidence from South Korea is valuable because technological developments around security coupled with organizational complexities portend issues for other organizational environments around the world

Literature based Cyber Security Topics: Handbook

Cyber security is the practice of protecting systems, networks, and programs from digital attacks. These cyber attacks are usually aimed at accessing, changing, or destroying sensitive information; extorting money from users; or interrupting normal business processes. Cloud computing has emerged from the legacy data centres. Consequently, threats applicable in legacy system are equally applicable to cloud computing along with emerging new threats that plague only the cloud systems. Traditionally the data centres were hosted on-premises. Hence, control over the data was comparatively easier than handling a cloud system which is borderless and ubiquitous. Threats due to multi-tenancy, access from anywhere, control of cloud, etc. are some examples of why cloud security becomes important. Considering the significance of cloud security, this work is an attempt to understand the existing cloud service and deployment models, and the major threat factors to cloud security that may be critical in cloud environment. It also highlights various methods employed by the attackers to cause the damage. Cyber-attacks are highlighted as well. This work will be profoundly helpful to the industry and researchers in understanding the various cloud specific cyber-attack and enable them to evolve the strategy to counter them more effectively

Development of Secure Software : Rationale, Standards and Practices

The society is run by software. Electronic processing of personal and financial data forms the core of nearly all societal and economic activities, and concerns every aspect of life. Software systems are used to store, transfer and process this vital data. The systems are further interfaced by other systems, forming complex networks of data stores and processing entities.This data requires protection from misuse, whether accidental or intentional. Elaborate and extensive security mechanisms are built around the protected information assets. These mechanisms cover every aspect of security, from physical surroundings and people to data classification schemes, access control, identity management, and various forms of encryption. Despite the extensive information security effort, repeated security incidents keep compromising our financial assets, intellectual property, and privacy. In addition to the direct and indirect cost, they erode the trust in the very foundation of information security: availability, integrity, and confidentiality of our data. Lawmakers at various national and international levels have reacted by creating a growing body of regulation to establish a baseline for information security. Increased awareness of information security issues has led to extend this regulation to one of the core issues in secure data processing: security of the software itself. Information security contains many aspects. It is generally classified into organizational security, infrastructure security, and application security. Within application security, the various security engineering processes and techniques utilized at development time form the discipline of software security engineering. The aim of these security activities is to address the software-induced risk toward the organization, reduce the security incidents and thereby lower the lifetime cost of the software. Software security engineering manages the software risk by implementing various security controls right into the software, and by providing security assurance for the existence of these controls by verification and validation. A software development process has typically several objectives, of which security may form only a part. When security is not expressly prioritized, the development organizations have a tendency to direct their resources to the primary requirements. While producing short-term cost and time savings, the increased software risk, induced by a lack of security and assurance engineering, will have to be mitigated by other means. In addition to increasing the lifetime cost of software, unmitigated or even unidentified risk has an increased chance of being exploited and cause other software issues. This dissertation concerns security engineering in agile software development. The aim of the research is to find ways to produce secure software through the introduction of security engineering into the agile software development processes. Security engineering processes are derived from extant literature, industry practices, and several national and international standards. The standardized requirements for software security are traced to their origins in the late 1960s, and the alignment of the software engineering and security engineering objectives followed from their original challenges to the current agile software development methods. The research provides direct solutions to the formation of security objectives in software development, and to the methods used to achieve them. It also identifies and addresses several issues and challenges found in the integration of these activities into the development processes, providing directly applicable and clearly stated solutions for practical security engineering problems. The research found the practices and principles promoted by agile and lean software development methods to be compatible with many security engineering activities. Automated, tool-based processes and the drive for efficiency and improved software quality were found to directly support the security engineering techniques and objectives. Several new ways to integrate software engineering into agile software development processes were identified. Ways to integrate security assurance into the development process were also found, in the form of security documentation, analyses, and reviews. Assurance artifacts can be used to improve software design and enhance quality assurance. In contrast, detached security engineering processes may create security assurance that serves only purposes external to the software processes. The results provide direct benefits to all software stakeholders, from the developers and customers to the end users. Security awareness is the key to more secure software. Awareness creates a demand for security, and the demand gives software developers the concrete objectives and the rationale for the security work. This also creates a demand for new security tools, processes and controls to improve the efficiency and effectiveness of software security engineering. At first, this demand is created by increased security regulation. The main pressure for change will emanate from the people and organizations utilizing the software: security is a mandatory requirement, and software must provide it. This dissertation addresses these new challenges. Software security continues to gain importance, prompting for new solutions and research.Ohjelmistot ovat keskeinen osa yhteiskuntamme perusinfrastruktuuria. Merkittävä osa sosiaalisesta ja taloudellisesta toiminnastamme perustuu tiedon sähköiseen käsittelyyn, varastointiin ja siirtoon. Näitä tehtäviä suorittamaan on kehitetty merkittävä joukko ohjelmistoja, jotka muodostavat mutkikkaita tiedon yhteiskäytön mahdollistavia verkostoja. Tiedon suojaamiseksi sen ympärille on kehitetty lukuisia suojamekanismeja, joiden tarkoituksena on estää tiedon väärinkäyttö, oli se sitten tahatonta tai tahallista. Suojausmekanismit koskevat paitsi ohjelmistoja, myös niiden käyttöympäristöjä ja käyttäjiä sekä itse käsiteltävää tietoa: näitä mekanismeja ovat esimerkiksi tietoluokittelut, tietoon pääsyn rajaaminen, käyttäjäidentiteettien hallinta sekä salaustekniikat. Suojaustoimista huolimatta tietoturvaloukkaukset vaarantavat sekä liiketoiminnan ja yhteiskunnan strategisia tietovarantoj että henkilökohtaisia tietojamme. Taloudellisten menetysten lisäksi hyökkäykset murentavat luottamusta tietoturvan kulmakiviin: tiedon luottamuksellisuuteen, luotettavuuteen ja sen saatavuuteen. Näiden tietoturvan perustusten suojaamiseksi on laadittu kasvava määrä tietoturvaa koskevia säädöksiä, jotka määrittävät tietoturvan perustason. Lisääntyneen tietoturvatietoisuuden ansiosta uusi säännöstö on ulotettu koskemaan myös turvatun tietojenkäsittelyn ydintä,ohjelmistokehitystä. Tietoturva koostuu useista osa-alueista. Näitä ovat organisaatiotason tietoturvakäytännöt, tietojenkäsittelyinfrastruktuurin tietoturva, sekä tämän tutkimuksen kannalta keskeisenä osana ohjelmistojen tietoturva. Tähän osaalueeseen sisältyvät ohjelmistojen kehittämisen aikana käytettävät tietoturvatekniikat ja -prosessit. Tarkoituksena on vähentää ohjelmistojen organisaatioille aiheuttamia riskejä, tai poistaa ne kokonaan. Ohjelmistokehityksen tietoturva pyrkii pienentämään ohjelmistojen elinkaarikustannuksia määrittämällä ja toteuttamalla tietoturvakontrolleja suoraan ohjelmistoon itseensä. Lisäksi kontrollien toimivuus ja tehokkuus osoitetaan erillisten verifiointija validointimenetelmien avulla. Tämä väitöskirjatutkimus keskittyy tietoturvatyöhön osana iteratiivista ja inkrementaalista ns. ketterää (agile) ohjelmistokehitystä. Tutkimuksen tavoitteena on löytää uusia tapoja tuottaa tietoturvallisia ohjelmistoja liittämällä tietoturvatyö kiinteäksi osaksi ohjelmistokehityksen prosesseja. Tietoturvatyön prosessit on johdettu alan tieteellisestä ja teknillisestä kirjallisuudesta, ohjelmistokehitystyön vallitsevista käytännöistä sekä kansallisista ja kansainvälisistä tietoturvastandardeista. Standardoitujen tietoturvavaatimusten kehitystä on seurattu aina niiden alkuajoilta 1960-luvulta lähtien, liittäen ne ohjelmistokehityksen tavoitteiden ja haasteiden kehitykseen: nykyaikaan ja ketterien menetelmien valtakauteen saakka. Tutkimuksessa esitetään konkreettisia ratkaisuja ohjelmistokehityksen tietoturvatyön tavoitteiden asettamiseen ja niiden saavuttamiseen. Tutkimuksessa myös tunnistetaan ongelmia ja haasteita tietoturvatyön ja ohjelmistokehityksen menetelmien yhdistämisessä, joiden ratkaisemiseksi tarjotaan toimintaohjeita ja -vaihtoehtoja. Tutkimuksen perusteella iteratiivisen ja inkrementaalisen ohjelmistokehityksen käytäntöjen ja periaatteiden yhteensovittaminen tietoturvatyön toimintojen kanssa parantaa ohjelmistojen laatua ja tietoturvaa, alentaen täten kustannuksia koko ohjelmiston ylläpitoelinkaaren aikana. Ohjelmistokehitystyön automatisointi, työkaluihin pohjautuvat prosessit ja pyrkimys tehokkuuteen sekä korkeaan laatuun ovat suoraan yhtenevät tietoturvatyön menetelmien ja tavoitteiden kanssa. Tutkimuksessa tunnistettiin useita uusia tapoja yhdistää ohjelmistokehitys ja tietoturvatyö. Lisäksi on löydetty tapoja käyttää dokumentointiin, analyyseihin ja katselmointeihin perustuvaa tietoturvan todentamiseen tuotettavaa materiaalia osana ohjelmistojen suunnittelua ja laadunvarmistusta. Erillisinä nämä prosessit johtavat tilanteeseen, jossa tietoturvamateriaalia hyödynnetään pelkästään ohjelmistokehityksen ulkopuolisiin tarpeisiin. Tutkimustulokset hyödyttävät kaikkia sidosryhmiä ohjelmistojen kehittäjistä niiden tilaajiin ja loppukäyttäjiin. Ohjelmistojen tietoturvatyö perustuu tietoon ja koulutukseen. Tieto puolestaan lisää kysyntää, joka luo tietoturvatyölle konkreettiset tavoitteet ja perustelut jo ohjelmistokehitysvaiheessa. Tietoturvatyön painopiste siirtyy torjunnasta ja vahinkojen korjauksesta kohti vahinkojen rakenteellista ehkäisyä. Kysyntä luo tarpeen myös uusille työkaluille, prosesseille ja tekniikoille, joilla lisätään tietoturvatyön tehokkuutta ja vaikuttavuutta. Tällä hetkellä kysyntää luovat lähinnä lisääntyneet tietoturvaa koskevat säädökset. Pääosa muutostarpeesta syntyy kuitenkin ohjelmistojen tilaajien ja käyttäjien vaatimuksista: ohjelmistojen tietoturvakyvykkyyden taloudellinen merkitys kasvaa. Tietoturvan tärkeys tulee korostumaan entisestään, lisäten tarvetta tietoturvatyölle ja tutkimukselle myös tulevaisuudessa

To What Extent Has Information Security Professionalism Achieved Recognition?

The practice of securing information was until recently associated strongly with securing the Information Technology systems which store and process it. As it has developed as a specialised area of work however, particularly as the critical importance of human and social factors has increasingly been recognised, it has acquired an identity separate from that of computing. The separation has been sufficient for the formation of a new, distinct occupation, with specialised credentialing bodies being established to attest to practitioners’ professional competence. This study is the first empirical academic investigation into the professionalisation of UK Information Security. It considers attitudes towards professional status, the desirability and practicality of licensing, the current standing of the occupation and its prospects for the future. The analysis draws heavily from the substantial Sociology of the Professions, both from the structural and procedural theory of profession-forming and the later critiques of motivation, class and power. Semi-structured interviews were undertaken with twenty-seven individuals comprising security analysts, managers, academics, professional bodies and the UK Government. Interviews took place between November 2012 and March 2015. Results are presented in two stages of analysis, using Actor–Network Theory as a theoretical lens. Whilst significant progress has been made towards forming a recognisable Information Security profession, its status is not yet comparable to more established peers. Aligned with US National Research Council findings but using a broader basis in professionalisation theory, the UK occupation was found to be too diffusely demarcated both internally and with respect to its bordering professions. It has yet to coalesce around distinct internal specialities with discrete qualification routes and establish the hierarchical arrangement of its major branches. Without such stratification of roles and a well-accepted claim to controlling a clearly demarcated body of knowledge, it is not possible to establish the boundaries of a graduate profession superior to any supporting para-professions, and thus position itself as requiring an advanced abstract education comparable to its peers. A rationalisation of credentials and institutions is required to produce a strong professional body which can advance the cause of the profession and properly establish and embed these roles. At present however – contrary to the tenor of much of the relevant sociology – neither the pursuit of professional status nor the exclusion of unqualified workers were found to be major motivators for current practitioners. By contrast government, the final arbiter of professional monopoly, is attempting urgently to increase the appeal of the profession to address a national skills shortfall, but is wary of direct market intervention in the form of licensing. Therefore, whilst change is rapid, significant impediments to full professional recognition remain