Matches in SemOpenAlex for { <https://semopenalex.org/work/W3185440433> ?p ?o ?g. }
Showing items 1 to 58 of
58
with 100 items per page.
- W3185440433 abstract "The financial industry is a prime target of cybercriminal activity, mainly due to the nature of its underlying business (`that's where the money is') <sup xmlns:mml=http://www.w3.org/1998/Math/MathML xmlns:xlink=http://www.w3.org/1999/xlink>.</sup> This was the reply of 1930s US bank robber Willie Sutton when asked why he robbed banks. He later coauthored a book titled Where the Money Was. See FBI History of Famous Cases & Criminals, https://www.fbi.gov/history/famous-cases [accessed 1 March 2021]., the sector's global interconnectedness, and its high level of digitalization. In response, the private sector has invested vast sums into cybersecurity, and regulators have started to worry about systemic risk. The latter comes in two forms. The first is the risk of a successful cyberattack against a specific financial institution `spilling over' into the broader financial system, hence unintentionally becoming systemic. The second is the national security concern of a systemic cyberattack launched specifically to disrupt the target's financial ecosystem and therefore the real economy. In both cases, the historic evidence is clear: neither type of event has been recorded thus far. Those who consider warnings of systemic cyberattacks to be little more than threat inflation see that as vindication. This paper takes the opposite view and argues that the probability of a systemic cyberattack is significant enough to warrant a higher degree of crossdisciplinary research and preparedness. To support its main argument, this paper proposes a conceptual framework that focuses on answering two key questions. First, are there sufficient known structural vulnerabilities in the financial ecosystem that could be exploited by a willing adversary? And second, are there plausible scenarios that could see an adversarial nation-state launch such an attack? The answer to both is positive. Given the lack of data, this analysis is largely qualitative, based on discussions with regulators, chief risk officers, academic experts, and the author's own multi-decade experience as an active participant in the financial market." @default.
- W3185440433 created "2021-08-02" @default.
- W3185440433 creator A5086335961 @default.
- W3185440433 date "2021-05-25" @default.
- W3185440433 modified "2023-09-24" @default.
- W3185440433 title "The Vulnerability of the Financial System to a Systemic Cyberattack" @default.
- W3185440433 doi "https://doi.org/10.23919/cycon51939.2021.9468291" @default.
- W3185440433 hasPublicationYear "2021" @default.
- W3185440433 type Work @default.
- W3185440433 sameAs 3185440433 @default.
- W3185440433 citedByCount "0" @default.
- W3185440433 crossrefType "proceedings-article" @default.
- W3185440433 hasAuthorship W3185440433A5086335961 @default.
- W3185440433 hasConcept C10138342 @default.
- W3185440433 hasConcept C139719470 @default.
- W3185440433 hasConcept C144133560 @default.
- W3185440433 hasConcept C144587487 @default.
- W3185440433 hasConcept C162324750 @default.
- W3185440433 hasConcept C185592680 @default.
- W3185440433 hasConcept C2776916960 @default.
- W3185440433 hasConcept C2778300220 @default.
- W3185440433 hasConcept C2779601481 @default.
- W3185440433 hasConcept C38652104 @default.
- W3185440433 hasConcept C41008148 @default.
- W3185440433 hasConcept C55493867 @default.
- W3185440433 hasConcept C95713431 @default.
- W3185440433 hasConcept C98184364 @default.
- W3185440433 hasConceptScore W3185440433C10138342 @default.
- W3185440433 hasConceptScore W3185440433C139719470 @default.
- W3185440433 hasConceptScore W3185440433C144133560 @default.
- W3185440433 hasConceptScore W3185440433C144587487 @default.
- W3185440433 hasConceptScore W3185440433C162324750 @default.
- W3185440433 hasConceptScore W3185440433C185592680 @default.
- W3185440433 hasConceptScore W3185440433C2776916960 @default.
- W3185440433 hasConceptScore W3185440433C2778300220 @default.
- W3185440433 hasConceptScore W3185440433C2779601481 @default.
- W3185440433 hasConceptScore W3185440433C38652104 @default.
- W3185440433 hasConceptScore W3185440433C41008148 @default.
- W3185440433 hasConceptScore W3185440433C55493867 @default.
- W3185440433 hasConceptScore W3185440433C95713431 @default.
- W3185440433 hasConceptScore W3185440433C98184364 @default.
- W3185440433 hasLocation W31854404331 @default.
- W3185440433 hasOpenAccess W3185440433 @default.
- W3185440433 hasPrimaryLocation W31854404331 @default.
- W3185440433 hasRelatedWork W11448862 @default.
- W3185440433 hasRelatedWork W19777800 @default.
- W3185440433 hasRelatedWork W20600774 @default.
- W3185440433 hasRelatedWork W22382780 @default.
- W3185440433 hasRelatedWork W25854882 @default.
- W3185440433 hasRelatedWork W31917438 @default.
- W3185440433 hasRelatedWork W33470121 @default.
- W3185440433 hasRelatedWork W33545097 @default.
- W3185440433 hasRelatedWork W36733367 @default.
- W3185440433 hasRelatedWork W16883777 @default.
- W3185440433 isParatext "false" @default.
- W3185440433 isRetracted "false" @default.
- W3185440433 magId "3185440433" @default.
- W3185440433 workType "article" @default.