Cybersecurity Debt Management

Managing Cybersecurity Debt in FinTech: A Practical Approach for Financial Risk Quantification and Strategic Decision Making

Abstract:

Managing cybersecurity risks within financial technology organisations is increasingly complex, with traditional qualitative assessments falling short in quantifying the financial implications of cyber threats. This paper presents an approach to implementing a Cybersecurity Debt Management Model, which integrates cybersecurity with financial risk management methodologies, demonstrating a structured method for operationalising the model within a FinTech IT environment. The model quantifies the financial impact of unresolved cybersecurity vulnerabilities, facilitating decision making, targeted resource allocation, and regulatory compliance. The proposed approach provides organisations with insights into managing cybersecurity debt, thereby promoting resilience and alignment of technical measures with strategic objectives.

Published In

Volume 24, Issue 4

Journal of Information Warfare

The definitive publication for the best and latest research and analysis on information warfare, information operations, and cyber crime. Available in traditional hard copy or online.

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AI
APT

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C2
C2S
CDX
CIA
CIP
CPS

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DNS
DoD
DoS

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The definitive publication for the best and latest research and analysis on information warfare, information operations, and cyber crime. Available in traditional hard copy or online.

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