OPERATIONAL RISK & CYBERSECURITY

Radut Carmen () and Panoiu Laura
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Radut Carmen: Universitatea "Constantin Brâncoveanu" Pitesti, F.M.M.A.E. Rm. Valcea
Panoiu Laura: Universitatea "Constantin Brâncoveanu" Pitesti, F.M.M.A.E. Rm. Valcea

Management Strategies Journal, 2016, vol. 32, issue 2, 30-33

Abstract: The impact of the Internet has had strong growth in the last two decades. The entire economy depends on ICT. The open and free cybernetic space, promoted social and political inclusion allowing easily interaction and exchange of information between communities and citizens from different countries. The Information and communication technology has become the backbone of our economy determining economic growth. Complex systems in key sectors of the economy such as finance, healthcare, energy and transport use powerful computer systems. Meanwhile many business models are built on the continuous availability of the Internet and the proper functioning of the informatics systems. The online environment requires high reliability, protection incidents, malicious activity or abuse. Cyber ??criminals are using increasingly sophisticated methods to steal critical data or economic espionage activities in cyber space. All these factors explain why governments worldwide have begun to develop strategies and act properly in cyberspace as an important international issue. The paper has a special goal, to approach informatical security segments concerning operational risks generated by the informatic systems used by regulated entities authorized / approved and / or supervised by the FSA.

Keywords: cybersecurity; operational risk (search for similar items in EconPapers)
JEL-codes: L86 L96 M15 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:32:y:2016:i:2:p:30-33

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