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Cybersecurity in Finance

Getting the Policy Mix Right

1. Characterisation of cyber-incidents; 2. Need for convergence in incident reporting schemes; 3. Optimising information sharing; 4. Need for benchmark statistics on cyber-trends; 5. Complementary policies to reinforce prevention; 6. Complementary policies to strengthen responses in case of cyberattacks.

1. Characterisation of cyber-incidents; 2.

Biometric-Based Physical and Cybersecurity Systems

This book presents the latest developments in biometrics technologies and reports on new approaches, methods, findings, and technologies developed or being developed by the research community and the industry. The book focuses on introducing fundamental principles and concepts of key enabling technologies for biometric systems applied for both physical and cyber security. The authors disseminate recent research and developing efforts in this area, investigate related trends and challenges, and present case studies and examples such as fingerprint, face, iris, retina, keystroke dynamics, and voice applications . The authors also investigate the advances and future outcomes in research and development in biometric security systems. The book is applicable to students, instructors, researchers, industry practitioners, and related government agencies staff. Each chapter is accompanied by a set of PowerPoint slides for use by instructors.

Banking. Sector. This case study includes identification and discussion on various issues and factors related to implementing biometrics in banking sector, specifically for the user authentication and control [38].

Cybersecurity for Commercial Vehicles

This book provides a thorough view of cybersecurity to encourage those in the commercial vehicle industry to be fully aware and concerned that their fleet and cargo could be at risk to a cyber-attack. It delivers details on key subject areas including: • SAE International Standard J3061; the cybersecurity guidebook for cyber-physical vehicle systems • The differences between automotive and commercial vehicle cybersecurity. • Forensics for identifying breaches in cybersecurity. • Platooning and fleet implications. • Impacts and importance of secure systems for today and for the future. Cybersecurity for all segments of the commercial vehicle industry requires comprehensive solutions to secure networked vehicles and the transportation infrastructure. It clearly demonstrates the likelihood that an attack can happen, the impacts that would occur, and the need to continue to address those possibilities. This multi-authored presentation by subject-matter experts provides an interesting and dynamic story of how industry is developing solutions that address the critical security issues; the key social, policy, and privacy perspectives; as well as the integrated efforts of industry, academia, and government to shape the current knowledge and future cybersecurity for the commercial vehicle industry.

Disruption of truck deliveries to banks and ATMs will paralyze the banking industry, affecting both consumers and businesses. The bottom-line: cash is still heavily used as legal tender. • ATM and branch bank cash resources will be ...

Total Quality Management

Concepts, Strategy and Implementation for Operational Excellence

This textbook discusses total quality management (TQM) as a strategy rather than just a technique and provides a comprehensive overview of how TQM helps in attaining operational and business excellence, leading to customer satisfaction. Total Quality Management: Concepts, Strategy and Implementation for Operational Excellence elaborates upon the interface of total quality (TQ) with a wide spectrum of activities such as designing, purchasing, manufacturing, process control, systems installation and maintenance, and service delivery. It broadly covers the core concepts, tools, techniques and cross-functional linkages of TQM with other operational domains. The book also demonstrates how quality management systems (QMS) should be effectively integrated with factors related to the environment, safety and maintenance to ensure business continuity, sustainability and social accountability. Besides catering to the needs of students of management and engineering in South Asia, the book would also be useful for corporate practitioners and TQM professionals. Key Features • Detailed coverage of the management of planning, designing, controlling and improving quality in products and services • Industry insights to TQM practices and implementation spread throughout the chapters in the form of snapshots • Dedicated chapters on the Six Sigma approach to quality and toolkit for TQM

The book also demonstrates how quality management systems (QMS) should be effectively integrated with factors related to the environment, safety and maintenance to ensure business continuity, sustainability and social accountability.

Budgets and Financial Management in Higher Education

This book will help new administrators (department chairs, directors, deans) understand and become more proficient in their financial management role within the institution. Highly accessible, practitioners will be able to put the book's guidance to immediate use in their work. It is also grounded in the latest knowledge base and filled with examples from across all types of institutions, so that it makes an ideal text for a courses in graduate programs in higher education leadership and administration. Specifically, the book: • provides an understanding of the basics of budgeting and fiscal management in higher education • defines the elements of a budget, the budget cycle, and the steps for creating a budget • suggests ways of avoiding common pitfalls and problems of managing budgets • contains effective strategies for dealing with loss of resources • includes end-of-chapter reflection questions and an expanded glossary of terms Written in plain language this volume provides practical approaches to many complex problems in fiscal management. This new edition of the book contains new information in every chapter reflecting both the most recent developments in higher education and feedback from readers of the earlier edition. The information on the current higher education financial environment has been updated, and the case studies have been revised. Readers will be introduced to Bowen's theory of resources and expenses as an important way to understand budgetary decision making in colleges and universities. Special attention is paid to the use of restricted funds, the budget implications of faculty appointments and the challenges caused by personnel policies for staff. In addition, greater attention is given to development and implementation of repair and replacement programs in auxiliary enterprises. The challenges that arise when budget problems are postponed are also discussed. The volume contains a number of suggestions for practitioners with new budgeting and fiscal responsibilities.

The budget for an auxiliary unit reflects the expectation that the unit is self-sustaining. A capital budget reflects the project for which it ... Auxiliary units are often service units. Why is that the case? Although all activities of ...

Management in the Education Service

Challenge and Response

This book, first published in 1974, will be of special interest to all who are involved in the implementation of educational planning processes. The contributors explore various aspects of educational management and they describe the development of the planning process at the Department of Education and Science, and compare the objectives and programme structure adopted in the Local Education Authorities of Liverpool, Coventry, and Gloucestershire. The views expressed in the book are intended not so much to commend outright the adoption of these approaches by other authorities, as to give a focus to discussion of issues in management education.

Challenge and Response Society of Education Officers ... such provision is not made in the growth budget present standards could be eroded because the base budget provision has to do a larger job ( i.e. service more units ) .

Stakeholders Model of Governance in Islamic Economic System

The paper discusses the design of an efficient and optimal corporate governance structure of a firm within Islamic economic system. The objective of this paper is to identify factors, which will influence corporate governance within an Islamic economic system and to examine if corporate governance model will be 'shareholder'- or 'stakeholder'- centered? The paper argues that the governance model in Islamic economic system is a stakeholder-oriented model where governance structure and process at system and firm level protect rights of stakeholders who are exposed to any risk as a result of firm's activities. Whereas conventional system is struggling with finding convincing arguments to justify stakeholders' participation in governance, the foundation of a stakeholder model is found in Islam's principles of property rights, commitment to explicit and implicit contractual agreements and implementation of an effective incentive system. The paper also discusses the implication of a stakeholder model on depositors, Islamic financial institutions, and regulators.

The paper argues that the governance model in Islamic economic system is a stakeholder-oriented model where governance structure and process at system and firm level protect rights of stakeholders who are exposed to any risk as a result of ...

M. Umer Chapra,Towards a Just Monetary System

The development of Islamic economics has been profound over the last twenty years. The excellent survey of Muslim Economic Thinking by Mohammad Nejatullah Siddiqi (Ahmad 1980) demonstrates the progress that has been made in every avenue of economic thought; the recent work by M. Khan and A. Mirakhor on Islamic Banking in Pakistan and Iran represents the first major study to quantify the effectiveness of an Islamic monetary system. The book by Dr. Umer Chapra, Towards a Just Monetary System, which is the subject matter of this review article, is an attempt, or so we are told by Khurshid Ahmad in the preface, to provide a "comprehensive and interpretative study of the Islamic monetary system" (P. 12), to "integrate theory and practice" and to "give a vigorous analysis of some key concepts" (P.13) in Islamic monetary economics. The reader is therefore given very high expectations of the book as the beginning of the fourth phase of Islamic economies - "a more integrative as well as more critical approach to the entire theory and practice of money and banking in Islam" (P.11). If these expectations are fulfilled Chapra has claim to pioneering work in Islamic macroeconomics but is this the case?

The book by Dr. Umer Chapra, Towards a Just Monetary System, which is the subject matter of this review article, is an attempt, or so we are told by Khurshid Ahmad in the preface, to provide a "comprehensive and interpretative study of the ...

The Financial System and Monetary Policy in an Islamic Economy

Khan and Mirakhor have imposed on their model a structure and constraints which lend a tautological character to their exercise (13). The indiscreet replacement of the rate of interest in the secular model by a profit rate makes their conclusions tentative and questionable. Formulation infirmities have further weakened their position. Still, their work is laudable for it opens up some new areas of investigation in Islamic banking.

Khan and Mirakhor have imposed on their model a structure and constraints which lend a tautological character to their exercise (13).

Towards an Interest-Free Islamic Economic System

Rigorous mathematical techniques are used to compare the Islamic financial system based on variable return scheme (VRS) with the traditional one based on fixed return scheme (FRS). It is shown, under certain assumptions which include risk aversion on the part of investors, that the Pareto optimal contract is the VRS. Also VRS spreads risks more evenly than FRS allowing more risk taking in the economy. The domination of the real world by FRS, i.e. debts contracts, is shown to be caused mainly by informational asymmetry and higher monitoring Costs in case of VRS. But these costs are not prohibitive. The more effective the methods of monitoring and the higher the level of honesty on the part of economic agents, the more superior the Islamic financial system would prove to be in practice.

Rigorous mathematical techniques are used to compare the Islamic financial system based on variable return scheme (VRS) with the traditional one based on fixed return scheme (FRS).