Threats to financial system security Metadata

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Title

  • Main Title Threats to financial system security

Creator

  • Author: McGovern, D.E.
    Creator Type: Personal

Contributor

  • Sponsor: United States. Department of Energy. Office of Financial Management and Controller.
    Contributor Type: Organization
    Contributor Info: USDOE Office of Financial Management and Controller, Washington, DC (United States)

Publisher

  • Name: Sandia National Laboratories
    Place of Publication: Albuquerque, New Mexico
    Additional Info: Sandia National Labs., Albuquerque, NM (United States)

Date

  • Creation: 1997-06-01

Language

  • English

Description

  • Content Description: The financial system in the United States is slowly migrating from the bricks and mortar of banks on the city square to branch banks, ATM`s, and now direct linkage through computers to the home. Much work has been devoted to the security problems inherent in protecting property and people. The impact of attacks on the information aspects of the financial system has, however, received less attention. Awareness is raised through publicized events such as the junk bond fraud perpetrated by Milken or gross mismanagement in the failure of the Barings Bank through unsupervised trading activities by Leeson in Singapore. These events, although seemingly large (financial losses may be on the order of several billion dollars), are but small contributors to the estimated $114 billion loss to all types of financial fraud in 1993. Most of the losses can be traced to the contribution of many small attacks perpetrated against a variety of vulnerable components and systems. This paper explores the magnitude of these financial system losses and identifies new areas for security to be applied to high consequence events.
  • Physical Description: 9 p.

Subject

  • Keyword: Fraud
  • Keyword: Security Violations
  • Keyword: Business
  • STI Subject Categories: 99 Mathematics, Computers, Information Science, Management, Law, Miscellaneous
  • Keyword: Commercial Sector
  • Keyword: Security
  • Keyword: Sabotage

Source

  • Conference: 13. ADPA/NSIA annual security technology symposium, Virginia Beach, VA (United States), 9-12 Jun 1997

Collection

  • Name: Office of Scientific & Technical Information Technical Reports
    Code: OSTI

Institution

  • Name: UNT Libraries Government Documents Department
    Code: UNTGD

Resource Type

  • Article

Format

  • Text

Identifier

  • Other: DE97006416
  • Report No.: SAND--97-1335C
  • Report No.: CONF-9706109--5
  • Grant Number: AC04-94AL85000
  • Office of Scientific & Technical Information Report Number: 485998
  • Archival Resource Key: ark:/67531/metadc676099

Note

  • Display Note: OSTI as DE97006416