TRAINING OF CYBER SECURITY AND CYBER DEFENSE FOR SPECIALISTS OF FINANCE, ECONOMIC AND BUSINESS MANAGEMENT

Authors

DOI:

https://doi.org/10.33407/itlt.v80i6.4101

Keywords:

cyber threat, cyberattack, cyber fraud, cyber defense of business and finance, corporate financial cybersecurity training

Abstract

The study is devoted to the extremely relevant topic - increasing population cyber awareness and based on the unique experience of the transnational training project "Fundamentals of Corporate Cybersecurity". The aim of this work is to offer a partial solution to the problem of preparing Ukrainian citizens (and potentially citizens from other countries) to confront cyber threats in their professional activities. The object of the study is the finance industry, which is a part of the high school programs of colleges and universities in many countries. The authors put forward the idea that: to prepare of non-specialists in the IT field on the basics of cyber protection - those who do not have special engineering and technical training in the field of IT and cyber defense, and specialists in the socio-economic sphere (business leaders, entrepreneurs, economists, financiers and others) - it is necessary to train on cybersecurity, which is focused on their professional activities. As a result of the studies, the authors concluded, that in many countries, especially developing countries, cybercrime is a major problem. The authors prove, that Ukraine needs intensive education of citizens of all age groups on the problems of financial crimes and fraud by Internet hackers and cyber criminals. Along with the professional training of specialists in the field of IT and cybersecurity, in Ukraine it is advisable to: Introduce education on home finance and technologies for their IT protection in the school system; to prepare of non-specialists in the IT field on the basics of cyber protection on the principles of IT, cybersecurity, financial, and economics in all of colleges, institutions and universities; organize training in IT and cybersecurity for Ukrainian citizens. To ensure Ukraine’s integration with Europe, close cooperation with developed nations and transnational organizations is crucial to developing a thriving cybersecurity sector. Ukraine has competent young IT specialists who successfully work for foreign companies and corporations. It is necessary to effectively use this human resource and it is advisable to create a coordinating training center for cybersecurity in the field of economic and financial activities.

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Author Biographies

Valeriy Yu. Bykov, Institute of Information Technologies and Learning Tools of NAES of Ukraine

Doctor of Technical Sciences, Professor, Academician of NAES of Ukraine, Director

Alexander A. Romanovsky, Ukrainian-American University Concordia

Doctor of Education, Doctor of Economics, Professor, Rector

Julia Yu. Romanovskaya, Ukrainian-American University Concordia

Candidate of Philological Sciences, Professor, Vice Rector

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REFERENCES (TRANSLATED AND TRANSLITERATED)

Jessica Lindsay and Alex Hudson. “What is the fifth industrial revolution and how will it change the world?” [Online]. Avalible: https://metro.co.uk/2019/06/10/fifth-industrial-revolution-will-change-world-9738825/. Accessed on: 15.04.2020 (in English)

The fifth industrial revolution. When humans and machines combine. Digital Technology, Apr.03, 2018. [Online]. Available: https://www.genpact.com/insight/blog/the-fifth-industrial-revolution. Accessed on: 15.04.2020 (in English)

Stuart Lauchlan, “The Fifth Industrial Revolution is coming – and it's about trust, values and saving the planet.” [Online]. Available: https://diginomica.com/the-fifth-industrial-revolution-is-coming-and-its-about-trust-values-and-saving-the-planet. Accessed on: 15.04.2020 (in English)

Klaus Schwab, “The Fourth Industrial Revolution: what it means, how to respond.” [Online]. Available: https://www.weforum.org/agenda/authors/klaus-schwab. Accessed on: 15.04.2020 (in English)

Deep Shift Technology Tipping Points and Societal Impact. WORLD ECONOMIC FORUM, 2015. [Online]. Available: http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf (in English)

Law № 2163-VІІІ “About the basic principles of providing cyber security of Ukraine.” (Vidomosti Verkhovnoi Rady), no. 45, p. 403, 2017 (in Ukrainian)

Current trends in cybersecurity policy: conclusions for Ukraine. Analytical note. National Institute for Strategic Studies. [Online]. Available: http://old2.niss.gov.ua/articles/294/. Accessed on: 10.02.2020 (in Ukrainian)

2019 Internet Crime Report. [Online]. Available: https://pdf.ic3.gov/2019_IC3Report.pdf. Accessed on: 11.05.2020 (in English)

S. LaBello, “The Biggest Cyber Threats in 2019.” [Online]. Available: https://www.pratum.com/blog/429-the-biggest-cyber-threats-in-2019. Accessed on: 12.05.2020 (in English)

R. McLean, “A hacker gained access to 100 million Capital One credit card applications and accounts,” CNN Business, July 30, 2019. [Online]. Available: https://edition.cnn.com/2019/07/29/business/capital-one-data-breach/index.html. Accessed on: 04.03.2020 (in English)

D. Barrett, “Capital One says data breach affected 100 million credit card applications,” The Washington Post, July 30, 2019. [Online]. Available: https://www.washingtonpost.com/national-security/capital-one-data-breach-compromises-tens-of-millions-of-credit-card-applications-fbi-says/2019/07/29/72114cc2-b243-11e9-8f6c-7828e68cb15f_story.html. Accessed on: 05.03.2020 (in English)

Cybersecurity Industry Associations. Cyber Crime Magazine. [Online]. Available: https://cybersecurityventures.com/cybersecurity-associations/. Accessed on: 25.05.2020 (in English)

WORLD BANK GROUP. Financial Sector’s Cybersecurity: A Regulatory Digest∗. 2019 World Bank’s FinSAC Digest of Cybersecurity Regulations in the Financial Sector, 113 p. [Online]. Available: http://pubdocs.worldbank.org/en/940481575300835196/CybersecDIGEST-NOV2019-FINAL.pdf. Accessed on: 05.04.2020 (in English)

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Tari Schreider, “Cybersecurity Law, Standards and Regulations, 2nd Edition,” Rothstein Publishing; February 2020. [Online]. Available: https://www.ebooks.com/en-ua/book/209962921/cybersecurity-law-standards-and-regulations-2nd-edition/schreider-tari/?src=feed&gclid=CjwKCAjwyo36BRAXEiwA24CwGXnZH2wh9MpES6XqZ1aTj7qPkIBoX2douv55V34EXIxH8oRpwj3CpBoC1mAQAvD_BwE. Accessed on: 29.06.2020 (in English)

PriceWaterhouseCooper (PwC). “Global Economic Crime and Fraud Survey 2018: Ukrainian findings Pulling fraud out of the shadows.” [Online]. Available:

https://www.pwc.com/ua/en/survey/2018/pwc-gecs-2018-eng.pdf Accessed on: 13.04.2020 (in English)

J. Clement, “IC3: total damage caused by reported cyber crime 2001-2019,” In: Amount of monetary damage caused by reported cyber crime to the IC3 from 2001 to 2019 (in million U.S. dollars). [Online]. Available: https://www.statista.com/statistics/267132/total-damage-caused-by-by-cyber-crime-in-the-us/#statisticContainer . Accessed on: 15.04.2020 (in English)

Ukrainian-American University Bachelor Programs Catalog 2019-2020. [Online]. Available: https://www.concordia.edu.ua/wp-content/uploads/2020/02/2020-bba-catalog.pdf.

Accessed on: 02.03.2020 (in English)

Ukrainian-American University Master’s Degree Programs Catalog 2019-2020. [Online]. Available: https://www.concordia.edu.ua/wp-content/uploads/2019/07/ConcordiaUA-MBA-Catalog-Updated.pdf. Accessed on: 02.03.2020 (in English)

M. Rouse, “What is Cybersecurity? Everything You Need to Know.” [Online]. Available: https://searchsecurity.techtarget.com/definition/cybersecurity. Accessed on: 25.05.2020 (in English)

Kevin Helms, “Jim Rogers Discusses Bitcoin as Money and Why Governments Will Stop Crypto.” [Online]. Available:https://news.bitcoin.com/jim-rogers-bitcoin/. Accessed on: 21.07.2020 (in English)

BuiltIn Journal, “Blockchain. What Is Blockchain Technology? How Does Blockchain Work?”

[Online]. Available: https://builtin.com/blockchain. Accessed on: 21.07.2020 (in English)

CBInsights, “How Blockchain Technology Could Disrupt Real Estate.” [Online]. Available: https://www.cbinsights.com/research/blockchain-real-estate-disruption/. Accessed on: 21.07.2020 (in English)

Tia Vialva, “3D Hubs 3D Printing Trends Report Forecasts 24% Growth in 3D Printing Industry over 5 Years.” [Online]. Available: https://3dprintingindustry.com/news/3d-hubs-3dprinting-trends-report-forecasts-24-growth-in-3d-printing-industry-over-5-years-167998/. Accessed on: 21.07.2020 (in English)

Statista Research Department, May 11, 2020 “3D printing industry - worldwide market size 2020-2024.” [Online]. Available https://www.statista.com/statistics/315386/global-market-for-3dprinters/. Accessed on: 21.07.2020 (in English)

Published

2020-12-28

How to Cite

Bykov В. Ю., Romanovsky О. О., & Romanovskaya Ю. Ю. (2020). TRAINING OF CYBER SECURITY AND CYBER DEFENSE FOR SPECIALISTS OF FINANCE, ECONOMIC AND BUSINESS MANAGEMENT. Information Technologies and Learning Tools, 80(6), 386–413. https://doi.org/10.33407/itlt.v80i6.4101

Issue

Section

Open information and educational space and information and data security

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