Title
Method of Quantitative Analysis of Cybersecurity Risks Focused on Data Security in Financial Institutions
Date Issued
01 January 2022
Access level
metadata only access
Resource Type
conference paper
Author(s)
Publisher(s)
IEEE Computer Society
Abstract
In this paper, a quantitative analysis method is proposed to calculate the risks from cyber-attacks focused on the domain of data security in the financial sector. Cybersecurity risks have increased in organizations due to the process of digital transformation they are going through, reflecting in a notorious way in the financial sector, where a considerable percentage of the attacks carried out on the various industries are concentrated. In this sense, risk assessment becomes a critical point for their proper management and, in particular, for organizations to have a risk analysis method that allows them to make cost-effective decisions. The proposed method integrates a layered architecture, a list of attacks to be prioritized, and a loss taxonomy to streamline risk analysis over the data security domain including: encryption, masking, deletion, and resiliency. The layered architecture considers: presentation layer, business logic layer, and data management layer. The method was validated and tested by 6 financial companies in Lima, Peru. The preliminary results identified the applicability of the proposed method collected through surveys of experts from the 6 entities surveyed, obtaining 85.7% who consider that the proposed three-layer architecture contains the assets considered critical.
Volume
2022-June
Language
English
OCDE Knowledge area
Ciencias de la información
Ingeniería de sistemas y comunicaciones
Negocios, Administración
Subjects
Scopus EID
2-s2.0-85134842723
ISSN of the container
21660727
ISBN of the container
978-989333436-2
Conference
Iberian Conference on Information Systems and Technologies, CISTI
Sources of information:
Directorio de Producción Científica
Scopus