SIT Financial Security Systems questions Please read the following material and answer questions below.Also, make sure you have read Chapters 1 through 5 o

SIT Financial Security Systems questions Please read the following material and answer questions below.Also, make sure you have read Chapters 1 through 5 of the textbook(financial cybersecurity risk management) .

1. The state of cybersecurity at financial institutions at https://www2.deloitte.com/insights/us/en/industry/financial-services/state-of-cybersecurity-at-financial-institutions.html

2. 2018 Cost of a Data Breach Study: Global Overview at https://databreachcalculator.mybluemix.net/assets/… ort.pdf You don’t need to read the entire report, just pages 1 – 10, 19 – 21, 26 – 32, 42 – 43

3. Framework for Improving Critical Infrastructure Cybersecurity at https://nvlpubs.nist.gov/nistpubs/CSWP/NIST.CSWP.0… You don’t need to read the entire report, just pages 1 – 8, 12 – 15, 20 – 22

Your text has the following chapters:

1. What Are We Afraid Of?

2. Where Are We Vulnerable?

3. What Would A Breach Cost Us?

4. What Are The Odds? 5. What Can We do?

As you read the articles, highlight the material that relates to the major topics in the chapters. For example, page 31 of #2 above deals with the likelihood of another data breach. This relates to the material in Ch. 4 of the text. Pick two major ideas in each chapter and discuss the following for each idea separately:

What is the major idea? Describe it in your own words.
What does it mean? That is, what message is it trying to convey?
Why do you believe it is a major idea?
Are there differences between what the text talks about and what the articles say? What are a few of these differences? • Are there similarities between what the text talks about and what the articles say? What are a few of these similarities?

What You Will Turn In

1. In a Word document, type answers to the questions (a total of 10 ideas)

2. The answer should be one or one-and-a-quarter page

3. Quality of answers is more important than quantity

4. Page number at bottom-center of each page of document.

5. 1” margins

6. 11 pt. Calibri font

I attached the book

thank you Financial
Cybersecurity Risk
Management
Leadership Perspectives and
Guidance for Systems and
Institutions
Paul Rohmeyer
Jennifer L. Bayuk
Foreword by Dr. Larry Ponemon
Financial Cybersecurity Risk Management: Leadership Perspectives and
Guidance for Systems and Institutions
Paul Rohmeyer
Stevens Institute of Technology,
Hoboken, NJ, USA
Jennifer L. Bayuk
Stevens Institute of Technology,
Hoboken, NJ, USA
ISBN-13 (pbk): 978-1-4842-4193-6
https://doi.org/10.1007/978-1-4842-4194-3
ISBN-13 (electronic): 978-1-4842-4194-3
Library of Congress Control Number: 2018966187
Copyright © 2019 by Paul Rohmeyer, Jennifer L. Bayuk
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authors have utmost empathy.
Table of Contents
About the Authors????????????????????????????????????????????????????????????????????????????????xi
Series Editor’s Foreword???????????????????????????????????????????????????????????????????xiii
Foreword???????????????????????????????????????????????????????????????????????????????????????????xix
Acknowledgments?????????????????????????????????????????????????????????????????????????????xxi
Chapter 1: What Are We Afraid Of????????????????????????????????????????????????????????1
Understanding the Threat Environment????????????????????????????????????????????????????????????????1
Overview of the Risk Landscape???????????????????????????????????????????????????????????????????????????2
Understanding the Adversary????????????????????????????????????????????????????????????????????????????????3
Threat Categories for Financial Organizations??????????????????????????????????????????????????????6
That’s Where the Money Is–Theft of Funds?????????????????????????????????????????????????????6
Information Is Power–Theft of Data?????????????????????????????????????????????????????????????????7
Clogging Up the Works–Threats of Disruption?????????????????????????????????????????????????9
Facing the Threats??????????????????????????????????????????????????????????????????????????????????????????????11
Threat Intelligence??????????????????????????????????????????????????????????????????????????????????????????????12
Threat Modeling??????????????????????????????????????????????????????????????????????????????????????????????????13
Implementation???????????????????????????????????????????????????????????????????????????????????????????????????15
Moving Ahead?????????????????????????????????????????????????????????????????????????????????????????????????????17
Notes???????????????????????????????????????????????????????????????????????????????????????????????????????????????????18
v
Table of Contents
Chapter 2: Where Are We Vulnerable?????????????????????????????????????????????????21
Cybersecurity Weaknesses?????????????????????????????????????????????????????????????????????????????????21
Technology Vulnerabilities???????????????????????????????????????????????????????????????????????????????????22
New Technologies???????????????????????????????????????????????????????????????????????????????????????????????27
Human Vulnerability Dimensions????????????????????????????????????????????????????????????????????????29
An Illustration: Business E-mail Compromise?????????????????????????????????????????????????????32
Understanding the Consequences??????????????????????????????????????????????????????????????????????34
Moving Ahead?????????????????????????????????????????????????????????????????????????????????????????????????????46
Notes???????????????????????????????????????????????????????????????????????????????????????????????????????????????????46
Chapter 3: What Would a Breach Cost Us??????????????????????????????????????????49
Risk Quantification??????????????????????????????????????????????????????????????????????????????????????????????49
Scenario Creation????????????????????????????????????????????????????????????????????????????????????????????????54
Scenario Selection??????????????????????????????????????????????????????????????????????????????????????????????58
Cost Estimation???????????????????????????????????????????????????????????????????????????????????????????????????62
Moving Ahead?????????????????????????????????????????????????????????????????????????????????????????????????????70
Notes???????????????????????????????????????????????????????????????????????????????????????????????????????????????????70
Chapter 4: What Are the Odds????????????????????????????????????????????????????????????73
Plausible Deniability????????????????????????????????????????????????????????????????????????????????????????????73
Cybersecurity Risk As Operational Risk??????????????????????????????????????????????????????????????75
Shortage of Sufficient Historical Data?????????????????????????????????????????????????????????????????78
Probabilities Driven by Vulnerabilities?????????????????????????????????????????????????????????????????82
The Next Evolution??????????????????????????????????????????????????????????????????????????????????????????????91
Moving Ahead???????????????????????????????????????????????????????????????????????????????????????????????????100
Notes?????????????????????????????????????????????????????????????????????????????????????????????????????????????????101
vi
Table of Contents
Chapter 5: What Can We Do?????????????????????????????????????????????????????????????105
Risk Treatment Across the Organization???????????????????????????????????????????????????????????106
Avoidance????????????????????????????????????????????????????????????????????????????????????????????????????106
Reduction????????????????????????????????????????????????????????????????????????????????????????????????????107
Transfer???????????????????????????????????????????????????????????????????????????????????????????????????????111
Acceptance??????????????????????????????????????????????????????????????????????????????????????????????????114
Risk Treatment Across the Enterprise Architecture???????????????????????????????????????????115
Executing on Risk Treatment Decisions????????????????????????????????????????????????????????????118
Validating Effectiveness in Execution???????????????????????????????????????????????????????????????121
Moving Ahead???????????????????????????????????????????????????????????????????????????????????????????????????123
Notes?????????????????????????????????????????????????????????????????????????????????????????????????????????????????124
Chapter 6: How Do I Manage This????????????????????????????????????????????????????125
Governance Operating Model????????????????????????????????????????????????????????????????????????????126
Cybersecurity Risk Appetite??????????????????????????????????????????????????????????????????????????????133
Cybersecurity Performance Objectives?????????????????????????????????????????????????????????????140
Moving Ahead???????????????????????????????????????????????????????????????????????????????????????????????????154
Notes?????????????????????????????????????????????????????????????????????????????????????????????????????????????????154
Chapter 7: Should This Involve the Whole Organization??????????????????157
Architectural View?????????????????????????????????????????????????????????????????????????????????????????????158
Enterprise Capabilities?????????????????????????????????…
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