pricing of contingent claims in incomplete marketsMonte Carlo simulationsCyber risk, a part of the operational risk, is today considered as a key component in the enterprise risk management frameworks. Under BASEL regulations, a bankShah, Anand...
Creating a strong cyber security strategy is more than just a digital framework. Discover the industry best practices in maintaining cyber hygiene.
Furthermore, these incidents illustrate the need for a security-first approach, prioritizing cybersecurity not just as a technical issue but as an integral component of business strategy. This involves regular risk assessments, adoption of best practices in data security, and fostering a culture of ...
The internet will give you dozens of kinds of risks depending on who’s doing the talking. A Wall Street guy will tell you all aboutoperational, compliance, reputational and strategic risks,whereas an insurance broker will tell you about risks concerningliability, property, cybersecurity and legal...
An effective AIS incorporates robust security measures, such as encryption, access controls, and regular audits, to protect sensitive information from cyber threats.For example, implementing multi-factor authentication ensures that only authorized personnel can access the system. Regular security updates ...
Additionally, PDO enables prepared statements, which improve security by reducing the risk of SQL injection attacks. You can execute atomic database operations thanks to its transaction support and unified error-handling mechanism. Before PDO, PHP provided separate APIs to connect to different databases...
Digital encryption serves as an effective method of protecting sensitive financial information, such as bank account details or credit card numbers. By utilizing encryption software or secure online platforms, you can safeguard your digital assets and thwart unauthorized access by hackers or cyber...
Security: Protects the system and data against unauthorized access and cyber threats. Usability: Focuses on ease of use, user experience, and intuitive interaction. Non-Functional Requirement Techniques NFR Identification Workshops Risk Assessment Use Case Analysis Performance Testing Plans Security Testing ...
Cyber security risk assessment matrix The 5x5 risk assessment matrix includes five rows and columns, with the columns representing the severity of the risk and the rows representing the likelihood of its occurrence. Risks can be categorized into 25 different cells, based on the severity of the ri...
Risk control is the set of methods by which firms evaluate potential losses and take action to reduce or eliminate such threats. It is a technique that utilizes findings fromrisk assessments, which involve identifying potential risk factors in a company's operations, such as technical and non-tec...