• Title, Summary, Keyword: Financial Security

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Causal model of Urban Households' Subjective Financial Security (체계론에 근거한 주관적 재정안정도에 대한 인과적 모형)

  • 김연정
    • Journal of the Korean Home Economics Association
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    • v.29 no.4
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    • pp.151-165
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    • 1991
  • The purpose of this study was to examine causal model of resources and demands, family financial management and subjective financial security among urban households based on system theory. For this purpose, the data were collected by the questionnaire sheets. 455 housewives participated this survey in Seoul. And the data were analyzed by various statistical methods such as Frequency, Percentile, ANOVA, F-test, Pearson's correlation analysis, Multipe Regression Analysis, and Path Analysis. The results of this research were as follows: 1. There were significant differences in the Subjective Financial Security according to resource variables and demand yariables. Those variables were such as housewive's age, education, occupation, househead's occupation, per capita income, aspiration, expectancy, perception of financial progress and relative deprivation. 2. The higher family financial management level, the higher level of Subjective Financial security. And the higher family financial management plan·implement level, the higher level of Subjective Financial security. 3. The lower debt/asset ratio, the higher level of Subjective Financial security. 4. Aspiration, per capita income an financial managemant variables showed direct effect on Subjective Financial security among all variables affecting the urban households' Subjective financial security. While housewive's education level, aspiration, per capita income and husband's occupation affected indirectly on the Subjective Financial security through family financial managemant.

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Financial Security of Vietnamese Businesses and Its Influencing Factors

  • NGUYEN, Van Cong;NGUYEN, Thi Ngoc Lan
    • The Journal of Asian Finance, Economics, and Business
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    • v.7 no.2
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    • pp.75-87
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    • 2020
  • This paper aims to not only investigate the nature of financial security and its measurement, but also to compare financial security level in 629 listed companies divided into four different industries (materials, industrials, health care, and consumer goods) before building a theoretical framework and regression models to examine the determinants of financial security. By gathering 2,167 financial statements published in Vietnamese Stock Exchange during eight years from 2012 to 2019, with the support of STATA, the research results indicate that six different internal factors, which are liquidity, profitability, firm size, debt management ratios, asset management ratios, and cash flows, explain 77.7% the change of financial security ratio and 3.4% the change in sustainable growth ratio. Specifically, while firm size has a positive impact on sustainable growth ratio but a negative impact on financial security ratio, deb management and profitability have an insignificant influence on the financial security level. Furthermore, an increase in asset management ratios would result positively in both two dependent variables whereas a rise in sustainable growth and a decline in financial security ratio are expected to witness if there is an increase in cash flows.

A Study on the Necessity of the Introduction of Professional Certification System for Financial Security (금융보안 전문 자격제도 도입 필요성에 관한 연구)

  • Jung, Hee-Hyoung;Kwon, Hun-Yeong
    • The Journal of The Institute of Internet, Broadcasting and Communication
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    • v.17 no.4
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    • pp.209-218
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    • 2017
  • In order to efficiently and preemptively respond to financial security threats that are becoming more sophisticated and intelligent, and to enable financial users to receive financial services safely, financial information security professionals are needed. However, as of 2015, the number of financial IT security personnel was 4.9%, which is slightly lower than the previous year, but still low. In this study, it is expected that the number of experts in financial security will increase gradually. In order to verify the minimum performance of financial security professionals and enhance the security consciousness, the subjects of the existing security qualification system, Curriculum and inspection techniques to analyze the necessity of introducing information security specialization specialized in financial sector.

A Study of Countermeasure against Security Risk of Fintech Services for Financial Innovation (금융혁신을 위한 핀테크 서비스의 보안 리스크 대응방안 연구)

  • Park, Jeong-Kuk;Kim, Injai
    • Knowledge Management Research
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    • v.16 no.4
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    • pp.35-45
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    • 2015
  • Fintech, which means the convergence of finance and information technology, becomes a hot topic in the financial sector. Through innovative activities on financial services, ICT(Information and Communication Technology) is integrated into the overall financial industry, and a new form of financial services could be expected to improve the existing financial system. On the other hand, fintech services are relatively vulnerable to security issues. Due to the process simplication and the channel fusion, the leakage of personal and financial informations, authentication bypass, phishing, and pharming are getting more concerned. In this study we investigated the security risk of fintech services in the viewpoints of service provider, technology adoption, and security policy. The possible countermeasures to reduce those risks are suggested because security is an important criterion for selecting financial services. This study basically offers quantification of the potential security risks and step-by-step control measures about business processes in the fintech services. The suggested security model includes user authentication, terminal security, payment information protection, API(Application Programming Interface) security, and abnormal transaction monitoring. This study might contribute to an understanding of the security risks and some possible measures for mitigating those risks on the practical perspective.

Improved Related-key Attack against Recent Lightweight Block Cipher PRINCE (최신 경량 블록 암호 PRINCE에 대한 향상된 연관키 공격)

  • Ju, Wangho;An, Hyunjung;Yi, Okyeon;Kang, Ju-Sung;Kim, Jongsung
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.24 no.3
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    • pp.445-451
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    • 2014
  • The related-key attack is regarded as one of the important cryptanalytic tools for the security evaluation of block ciphers. This is due to the fact that this attack can be effectively applied to schemes like block-cipher based hash functions whose block-cipher keys can be controlled as their messages. In this paper, we improve the related-key attack on lightweight block cipher PRINCE proposed in FSE 2013. Our improved related-key attack on PRINCE reduces data complexity from $2^{33}$ [4] to 2.

A Study of Proper Workforce Calculation on the Each Information Security Work in the Financial Institutions (금융기관 정보보호업무의 적정인력 산정에 대한 연구)

  • Park, Jae-young;Kim, In-Seok
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.27 no.3
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    • pp.653-671
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    • 2017
  • The majority of financial institutions are complying with the ratio of the total number of IT staff to total IT regulatory regulations, regardless of the size of the financial institutions and the scope of the information security work. The risk is spreading as a result of the information security workforce neglect their own work because of having multiple tasks. In this study, we propose a method to estimate the number of workforce needed in consideration of the size of financial companies and the characteristics of information security work, and to establish a systematic information security organization to respond more effectively to financial security accidents.

Establishing Security Level Standards and Case Studies for Safe Electronic Financial Transactions (안전한 전자금융거래를 위한 보안등급 기준마련 및 사례연구)

  • Jang, Kil-Young;Kim, In-Seok
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.28 no.3
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    • pp.729-741
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    • 2018
  • On June 24, 2015, the Financial Services Commission (Financial Services Commission) completely abolished the security review process, and said that it would substitute self-security review obligations with self-security reviews. Security officials at financial institutions conduct security reviews based on CIA security grade when they conduct security reviews for secure electronic financial transactions. However, the recent security review for Internet and mobile electronic financial transactions has carried out a security review, either by checking separate processes or by referring to new technologies and data related to security. This paper proposes the CIAAP security gradesl with the addition of certification and privacy protection indicators to the CIA based security grades, especially through the security review of electronic financial transactions.

The Related Factors of the Perceived Evaluation of Family Financial Risk Safeguards (가계의 재무위기 대비에 대한 주관적 평가와 관련변수)

  • 박명숙
    • Journal of the Korean Home Economics Association
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    • v.41 no.11
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    • pp.49-60
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    • 2003
  • The purposes of this study were (1) to assess the perceived evaluation of family financial risk safeguards and (2) to identify demographic variables, financial security and financial communication which were an influence on the perceived evaluation of family financial risk safeguards. The data were collected from 598 housewives using an on-line survey. The major findings of this study were as follows: first, the perceived evaluation of financial risk safeguards was lower than the median(2.80). Especially, the perceived evaluation of financial risk safeguard for children's education had the highest score. Second, the variables which were an influence on the financial communication of husbands and wives were‘financial security’ and ‘years which they have been married’. Third, the perceived evaluation of financial risk safeguards was significantly different according to financial security and the financial communication of husbands and wives.

A Study on the Effect of Information Security Compliance and Crisis Management on Information Security Trust (정보보안 컴플라이언스와 위기대응이 정보보안 신뢰에 미치는 영향에 관한 연구)

  • Yoon, Il-han;Kwon, Sun-dong
    • Information Systems Review
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    • v.17 no.1
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    • pp.141-169
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    • 2015
  • Electronic financial accidents are constantly happening and these accidents are taking place by a combination of several causes such as technique, human, and structure. Among electronic financial accidents, personal information disclosure is most frequently happening and becomes big problems, because secondary damage like voice phishing causes great loss to society. This research model is that financial information security compliance affects the crisis response of financial institutions and financial authorities and these crisis responses affect financial information security trust. Research target is people who experienced the disclosure of their own financial information. For empirical verification, survey questionnaires were distributed and total 103 questionnaires were collected and analyzed. As results of data analysis, all hypotheses were accepted. First, financial information security compliance influenced the crisis response of financial institutions and authorities. Second, the crisis response of financial institutions and authorities affect financial information security trust. Third, at the moderating effect analysis, the importance of personal financial information moderated the effect of the crisis response of financial institutions on financial information security trust. And the disclosure level of personal financial information moderated the effect of the crisis response of financial authorities on financial information security trust.

Financial Industry Security: A Qualitative Study for Reducing Internal Fraud in Banking Institutions (금융산업보안: 은행권 내부부정 방지를 위한 질적 연구)

  • Suh, Joon Bae
    • Korean Security Journal
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    • no.56
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    • pp.165-185
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    • 2018
  • Because financial industry is closely related to the daily lives of people, internal fraud such as embezzlement by the employees can cause serious damage to the national economy, including credit crunch and contagious bankruptcy, as once demonstrated in the Savings Bank Scandal in 2011. Therefore, the importance of financial industry security is being emphasized and developed into converged security that combines physical, human and cyber security. In this study, to prevent fraud caused by internal employees in Korean financial sector, in-depth semi-structured interviews were conducted with a total of 16 participants including bankers, officials of financial regulators, and security experts, who were in charge of risk management in the industry. The collected data were analyzed at three stratification levels such as individual, organization, and socio-cultural factor. Based on this analysis, policy recommendations were suggested for the development of financial industry security and reducing internal fraud in banking institutions.