38th Annual Student Research Conference
Cybersecurity and Risk Management
Joe Armour*, Caleb Day , and Hudson Wilburn
Prof. Charles Boughton , Faculty Mentor
As we all know, cybersecurity and risk management are becoming increasingly prevalent in today's society. With technological advancements such as AI and Data Mining, we need more security features to protect clients’ financial and personal data. In this paper, we will discuss the increasing landscape of cybersecurity to the new threats that affect financial institutions. Such as data breaches, ransomware attacks, and financial fraud these threats are occurring more rapidly than ever before because of more data being mined and used in everyday life. Financial Institutions are the biggest target for criminals just based on the amount of sensitive data they carry about their clients and we need to increase cybersecurity and risk management to mitigate the risk. We will discuss in the paper the various methods to protect your sensitive data and how institutions do it as well such as multi-factor authentication, end-to-end encryption, intrusion detection systems, and artificial intelligence-driven threat detection.
Keywords: Regulatory Frameworks, Cyber Security , Risk Management , Financial Institutions
Topic(s):Business Administration
Accounting
Presentation Type: Oral Presentation
Session: 102-1
Location: SUB 3202
Time: 8:45