Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions

Advanced Persistent Threats (APT) has targeted the financial institutions (FI) for intelligence gathering on sensitive customer information and monetize the attack. APT could cause disastrous impact to the targeted FI and the country's economy if there is a lack of preparation to confront these...

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Main Authors:	Zainudin, Zeti Suhana, Abdul Molok, Nurul Nuha
Format:	Conference or Workshop Item
Language:	English English English
Published:	Institute of Electrical and Electronics Engineers Inc. 2019
Subjects:	HJ Public Finance HJ9011 Local finance
Online Access:	http://irep.iium.edu.my/72590/ http://irep.iium.edu.my/72590/ http://irep.iium.edu.my/72590/ http://irep.iium.edu.my/72590/1/72590_Advanced%20Persistent%20Threats.pdf http://irep.iium.edu.my/72590/2/72590_Advanced%20Persistent%20Threats_SCOPUS.pdf http://irep.iium.edu.my/72590/3/72590_Advanced%20Persistent%20Threats_WOS.pdf

id	iium-72590
recordtype	eprints
spelling	iium-725902019-06-13T04:02:09Z http://irep.iium.edu.my/72590/ Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions Zainudin, Zeti Suhana Abdul Molok, Nurul Nuha HJ Public Finance HJ9011 Local finance Advanced Persistent Threats (APT) has targeted the financial institutions (FI) for intelligence gathering on sensitive customer information and monetize the attack. APT could cause disastrous impact to the targeted FI and the country's economy if there is a lack of preparation to confront these challenges and attacks. A case study on local FI was carried out to examine the influencing factors of APT awareness among FI's cybersecurity practitioners and to investigate the security strategies employed by FI to protect them from APT attacks. Feedback from CyberSecurity Malaysia (CSM) was sought to validate the findings. It was found that the factors that influence APT awareness in local FI include the emphasis on informal learning on APT, attackers' financial motivation, the FI's reputational risks and the availability of financial regulatory requirements to combat any cybersecurity risks. The awareness has led cybersecurity practitioners in local FI to implement advanced security technologies and integrated security controls as their readiness to defend FI against APT attacks. Institute of Electrical and Electronics Engineers Inc. 2019-01-25 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/72590/1/72590_Advanced%20Persistent%20Threats.pdf application/pdf en http://irep.iium.edu.my/72590/2/72590_Advanced%20Persistent%20Threats_SCOPUS.pdf application/pdf en http://irep.iium.edu.my/72590/3/72590_Advanced%20Persistent%20Threats_WOS.pdf Zainudin, Zeti Suhana and Abdul Molok, Nurul Nuha (2019) Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions. In: 2018 Cyber Resilience Conference (CRC 2018), 13th-15th Nov. 2018, Putrajaya. https://ieeexplore.ieee.org/document/8626835 10.1109/CR.2018.8626835
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	HJ Public Finance HJ9011 Local finance
spellingShingle	HJ Public Finance HJ9011 Local finance Zainudin, Zeti Suhana Abdul Molok, Nurul Nuha Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions
description	Advanced Persistent Threats (APT) has targeted the financial institutions (FI) for intelligence gathering on sensitive customer information and monetize the attack. APT could cause disastrous impact to the targeted FI and the country's economy if there is a lack of preparation to confront these challenges and attacks. A case study on local FI was carried out to examine the influencing factors of APT awareness among FI's cybersecurity practitioners and to investigate the security strategies employed by FI to protect them from APT attacks. Feedback from CyberSecurity Malaysia (CSM) was sought to validate the findings. It was found that the factors that influence APT awareness in local FI include the emphasis on informal learning on APT, attackers' financial motivation, the FI's reputational risks and the availability of financial regulatory requirements to combat any cybersecurity risks. The awareness has led cybersecurity practitioners in local FI to implement advanced security technologies and integrated security controls as their readiness to defend FI against APT attacks.
format	Conference or Workshop Item
author	Zainudin, Zeti Suhana Abdul Molok, Nurul Nuha
author_facet	Zainudin, Zeti Suhana Abdul Molok, Nurul Nuha
author_sort	Zainudin, Zeti Suhana
title	Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions
title_short	Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions
title_full	Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions
title_fullStr	Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions
title_full_unstemmed	Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions
title_sort	advanced persistent threats awareness and readiness: a case study in malaysian financial institutions
publisher	Institute of Electrical and Electronics Engineers Inc.
publishDate	2019
url	http://irep.iium.edu.my/72590/ http://irep.iium.edu.my/72590/ http://irep.iium.edu.my/72590/ http://irep.iium.edu.my/72590/1/72590_Advanced%20Persistent%20Threats.pdf http://irep.iium.edu.my/72590/2/72590_Advanced%20Persistent%20Threats_SCOPUS.pdf http://irep.iium.edu.my/72590/3/72590_Advanced%20Persistent%20Threats_WOS.pdf
first_indexed	2023-09-18T21:42:51Z
last_indexed	2023-09-18T21:42:51Z
_version_	1777413255704084480

Advanced persistent threats awareness and readiness: a case study in Malaysian financial institutions

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