Skip to main content

Terrorism: Reducing Vulnerabilities and Improving Responses U.S.-Russian Workshop Proceedings (2004) / Chapter Skim
Currently Skimming:

Protecting Bank Networks from Acts of Computer Terrorism
Pages 104-111

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 104...
... Institute of Banking Affairs of the Association of Russian Banks The rapid adoption of information technologies by various Russian banks and the development of trends toward distributed data processing using modern computer hardware are accompanied by the appearance of new or modified problems that represent the negative side effects of technological progress. Much attention is being paid to issues of information security in the developing ebusiness sector.
Read the entire page →
From page 105...
... If such means prove inadequate to ensure the absolute security of cash, valuables, and important papers, armed guards are posted at main offices and major branches. Technical means of protection include reinforced buildings, vaults, and safes; fire and security alarm systems; sprinkler systems; and the use of firearms and
Read the entire page →
From page 106...
... For instance, in Germany and France, commercial banks have specially developed methodological materials for use as guidance in handling information security matters. Russian commercial banks could use publicly accessible Russian Central Bank documents on information protection.
Read the entire page →
From page 107...
... , has the right to carry out banking operations as stipulated under this Federal Law." Article 3 of the Federal Law on the Central Bank of Russia states: "Earning a profit is not the goal of the activities of the Bank of Russia." These different goals give rise to different ways of achieving them, although the components and means used could be similar. Let me clarify this thesis: A commercial bank, like any other market organization, is essentially a highly risky enterprise.
Read the entire page →
From page 108...
... Because economic and market factors are of top priority for commercial banks, it is very important for automated banking systems that everything be done to reduce or eliminate risks of financial losses and to ensure that profits are made for the owner and users given the existing real (assessed) threat conditions.
Read the entire page →
From page 109...
... The adoption of information technologies by banks, the development of trends favoring distributed data processing using modern computer hardware, the creation of information and telecommunications systems for various purposes, and the need for information exchanges among these systems have shaped the efforts of the world community in categorizing and prioritizing the fundamental requirements and characteristics of such systems, including in the area of information security. This matter is particularly urgent for so-called open general-use systems that handle confidential information not involving state secrecy, which are experiencing very rapid growth in our country.
Read the entire page →
From page 110...
... The legal standing of information may be defined as a characteristic of security information that makes it possible to ensure the legal force of documents or information processes in accordance with the legal regime for information resources established under Russian law. This last point is particularly important given the need to ensure strict accounting of all information services, which is the economic basis for the operation of any information system and serves to facilitate tight regulation and control of access to information using system resources.
Read the entire page →
From page 111...
... PROTECTING BANK NETWORKS 111 will be created taking into account foreign experience and the characteristics particular to Russia. Now, during the year when the ISO 15408 standard is being introduced, it would be convenient to establish requirements for commercial or banking sector security, focusing on the special aspects involved in ensuring the security of commercial information not involving state secrecy.
Read the entire page →

Key Terms

  • automated banking
  • involving state
  • commercial banks
  • common criteria
  • central bank

  • security requirements
  • russian banks
  • state secrets
  • state secrecy
  • commercial automated

  • financial losses
  • russian central
  • russian commercial
  • commercial information
  • losses totaling

  • data processing
  • security assessments
  • confidential information
  • state organizations
  • russian federation

  • main administration
  • main goal
  • technology hardware
  • commercial organizations
  • world trade

  • banking affairs
  • internal affairs
  • using modern
  • document exchange
  • market participants


    • This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
    More information on Chapter Skim is available.