Page 84 - Cyber Warnings

The purpose of financial security within a modern society

By Milica D. Djekic

What would cyber defense, financial crime and IT sector get in common? The answer to that
question is so simply – the money. All three terms would deal with some sort of finances in a
practice. So often – the cyber defense would get correlated with the financial security and also
the financial crimes such as a corruption would seek from us to think hard how to stay financially
safe. In addition, the IT industry would make the big incomes and it would also care how to
protect its financial interests. The corporate security concept would recommend us to carefully
and skillfully mange the financial risk in order to avoid the economical losses. There are so
many cases when we need to pay attention to our finances and sometimes make hard decisions
in order to make our budgets being sufficient.

Especially nowadays – people would be preoccupied with the monetary questions. Everyone
would lead a quite fast pace of the life and there would be a lot of rush which aim would be to
produce more and more incomes. The people would so frequently spend a lot of finances for
something that could get optimized and require much less investments. The process of
optimization would deal with the technical and economical requirements and try to find the
balance between those two parameters.

Sometimes it would be so easy to reduce unnecessary costs and save some of your finances,
while in many cases – you would need to deal with the complex mathematical models that
would offer you a chance to make a positive balance through a carefully conducted calculation.
The role of this review would be to try to discuss some of the fundamental concerns being linked
to the financial security as well as try to make some good examples how such a concept works
in a reality.

Let’s begin with the facts!
Did you know that the
cybercrime cost the
global economy several
hundred billion dollars
per a year? It’s a big
expanse – you would
agree, wouldn’t you?

Also, the corruption is
something that would
steal over 5% of the
global GDP per an
annum. That’s a quite

84 Cyber Warnings E-Magazine – July 2017 Edition
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