Enhancing Cyber Security for Financial Industry through Compliance and Regulatory Standards
Derek Mohammed, Marwan Omar, Văn Đức Nguyễn · Advances in information security, privacy, and ethics book series · 2016
This paper investigates laws and regulations within the financial industry that are applicable to cybersecurity. It analyzes both compliance and regulatory issues across the financial sector at the federal and state levels. Additionally; the paper highlights the importance of adhering to, and implementing industry-based regulations to improve the protection of financial digital assets against cyber-attacks. It also reviews similarities and differences among compliance environments created by financial regulations. Identification, interpretation and application of federal and state government regulations, directives and acts as they apply to the security of digital systems in the financial sector is another objective of this research study. Finally, this paper contrasts the values and issues created by increasing compliance requirements.