• Title/Summary/Keyword: financial information

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Design of Financial Information Security Model based on Enterprise Information Security Architecture (전사적 정보보호 아키텍처에 근거한 금융 정보보호 모델 설계)

  • Kim, Dong Soo;Jun, Nam Jae;Kim, Hee Wan
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.6 no.4
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    • pp.307-317
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    • 2010
  • The majority of financial and general business organizations have had individual damage from hacking, worms, viruses, cyber attacks, internet fraud, technology and information leaks due to criminal damage. Therefore privacy has become an important issue in the community. This paper examines various elements of the information security management system and discuss about Information Security Management System Models by using the analysis of the financial statue and its level of information security assessment. These analyses were based on the Information Security Management System (ISMS) of Korea Information Security Agency, British's ISO27001, GMITS, ISO/IEC 17799/2005, and COBIT's information security architecture. This model will allow users to manage and secure information safely. Therefore, it is recommended for companies to use the security management plan to improve the companies' financial and information security and to prevent from any risk of exposing the companies' information.

Development of Text Mining-Based Accounting Terminology Analyzer for Financial Information Utilization (재정정보 활용을 위한 텍스트 마이닝 기반 회계용어 형태소 분석기 구축)

  • Jung, Geon-Yong;Yoon, Seung-Sik;Kang, Ju-Young
    • The Journal of Information Systems
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    • v.28 no.4
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    • pp.155-174
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    • 2019
  • Purpose Social interest in financial statement notes has recently increased. However, contrary to the keen interest in financial statement notes, there is no morphological analyzer for accounting terms, which is why researchers are having considerable difficulty in carrying out research. In this study, we build a morphological analyzer for accounting related text mining techniques. This morphological analyzer can handle accounting terms like financial statements and we expect it to serve as a springboard for growth in the text mining research field. Design/methodology/approach In this study, we build customized korean morphological analyzer to extract proper accounting terms. First, we collect Company's Financial Statement notes, financial information data published by KPFIS(Korea Public Finance Information Service), K-IFRS accounting terms data. Second, we cleaning and tokeninzing and removing stopwords. Third, we customize morphological analyzer using n-gram methodology. Findings Existing morphological analyzer cannot extract accounting terms because it split accounting terms to many nouns. In this study, the new customized morphological analyzer can detect more appropriate accounting terms comparing to the existing morphological analyzer. We found that accounting words that were not detected by existing morphological analyzers were detected in new customized morphological analyzers.

Design and Implementation of Enterprise Information Security Portal(EISP) System for Financial Companies (금융회사를 위한 기업 정보보호 포털(EISP) 시스템의 설계 및 구현)

  • Kim, Do-Hyeong
    • Convergence Security Journal
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    • v.21 no.1
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    • pp.101-106
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    • 2021
  • To protect financial information, financial companies establish strategies and plans for information security, operate information security management systems, establish and operate information security systems, check vulnerabilities, and secure information. This paper aims to present an information security portal system for financial companies that can gain visibility into various information security activities being undertaken by financial companies and can be integrated and managed. The information security portal system systemizes the activities of the information security department, providing an integrated environment for information security activities to participate from CEOs to executives and employees, not just from the information security department. Through this, it can also be used as information security governance that can be used by top executives to reflect information security in corporate management.

A Study on the Decision Making Model for the Introduction of the Financial Institution's Cloud Systems (금융기관 클라우드 시스템 도입을 위한 의사결정 모델에 대한 연구)

  • Lee, Hee-Seok;Kim, In-Seok
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.28 no.3
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    • pp.743-763
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    • 2018
  • It has been 10 years since the concept of cloud system has emerged. Despite the fact that the cost-effectiveness and security of cloud systems has been proven, financial companies are reluctant to adopt cloud systems. Financial institutions are reluctant to adopt the cloud system because of the strong regulation of financial authorities in relation to the leakage of customer information However, more important reason why financial institutions hesitate to introduce cloud systems is the lack of direction and standards for the introduction of cloud systems by financial institutions. This study examines the legal and institutional constraints on the introduction of cloud systems in financial institutions and suggests decision models for determining whether cloud systems can be applied and how cloud systems are configured when financial institutions construct IT systems. We hope that this research will be helpful for establishing direction of cloud system introduction of many financial institutions.

A Study on Improving the Electronic Financial Fraud Prevention Service: Focusing on an Analysis of Electronic Financial Fraud Cases in 2013 (전자금융사기 예방서비스의 개선방안에 관한 연구: 2013년 전자금융사기 피해사례분석을 중심으로)

  • Jeong, Dae Yong;Lee, Kyung-Bok;Park, Tae Hyoung
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.24 no.6
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    • pp.1243-1261
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    • 2014
  • With the methods of electronic financial frauds becoming advanced, economic losses have greatly increased. The Electronic Financial Fraud Prevention Service(hereafter EFFPS) has taken effect to prevent electronic financial frauds, but economic losses still occurring. This paper aimed to suggest a direction for improvement of the EFFPS, through the analysis of electronic financial fraud cases. As a result of analysis on the fraud cases before and after implementation of the EFFPS, 'Fraud using Smartphone App' and 'Fraud using Calls and SMS' were increased after implementation of the EFFPS, and also the damage cost of 'Fraud using Smartphone App' had increased. Also we revealed some limitations of the EFFPS. For complementing this limitations, authors considered direction for improvement of the EFFPS focus on application of current services/systems related prevention of electronic financial fraud and considered the ways that are make connection with several measurements related prevention currently being discussed and implemented in perspective of defense in depth.

Study on Improving the Data Efficiency in National Defense Financial Information (국방통합재정정보 데이터 효율성 향상 방안 연구)

  • Moon, Jaehun;Kang, Seokjoong;Kim, Dokyoung
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.18 no.7
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    • pp.1764-1776
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    • 2014
  • This study is the context about an introduction of a bookkeeping by double entry & accrual base accounting which is the turning point of National Accounting and defense integrated financial management which is delivered following system Digital Budget Accounting system, in other words about something to do with the improvement of efficiency of financial information data. National defense Integration Financial Information system (NDIFIS) facilitates Project program management and makes the whole process of Defense financial Business manageable in one system. Also, there is a purpose to increase the credibility and transparency of National defense finances by providing internal and external information users with credible financial statements and cost materials. By using data envelopment analysis (DEA) which is a useful method to measuring the efficiency of organization, this study aims to improve the financial information data efficiency by comparing the efficiency of the same type troops and when it comes to the inefficient troops, by offering the certain objective of efficiency.

A Study on the Countermeasures for Prevention of Opening a Fraud Account (사기이용계좌 개설 방지를 위한 대응방안 연구)

  • Kim, Chang Woo;Yoon, Ji Won
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.25 no.1
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    • pp.173-179
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    • 2015
  • Financial fraud such as phishing have passed several years from the occurrence, in spite of the widely known through the media, regardless of the social status or age, financial fraud has occurred on an ongoing basis, the damage is not reduced. The fraud account, the person who made the account, the user is different, it is possible to avoid tracking financial channel, and is used as a receiving means for fraud money of various crimes. Efforts of financial institutions and financial supervisory institutions, it has been promoted by preparing various measures for the eradication of fraud account so far been used as a means of financial crime, the proliferation of financial fraud, opening and distribution of fraud account is a receiving means for fraud money are also increasing continuously, it is necessary to take countermeasures. In spite of the continuous crackdown of financial institutions and financial supervisory institutions, it is causing serious damage to society, analyzes the current situation of fraud account, to present an effective and aggressive countermeasure of financial institutions in this paper.

Soft Information and Government Loan Approval (연성정보와 정책자금 대출결정 요인 분석)

  • Yoo, Shi-Yong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.12
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    • pp.3768-3774
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    • 2009
  • This paper explored how soft information and hard information were used when SBC(Small Business Corporation, Korea) reviewed government loan applications. The data set is made up of financial and non-financial data of small-business firms since 2004. A non-financial data set is considered as soft information. Relative importance of three kinds information such as credit information, soft information, financial information is compared with each other by using the logit model. As a result, credit information is most critical to the loan approval, and then soft information follows, lastly financial information has the smallest effect on the loan approval. This is because the credit information is made up of the non-linear combination of soft information and financial information. When the relative importance of soft information and financial information is considered, soft information is relatively more critical to the loan approval then financial information. This is because financial ratios provided by small-business firms are not reliable enough.

A Study on the Information Disclosure of Financial services Using Content Analsysis (금융상품정보제공 실태파악을 위한 금융상품팜플렛 내용분석)

  • 허은영;최현자
    • Journal of the Korean Home Economics Association
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    • v.38 no.11
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    • pp.63-75
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    • 2000
  • To identify the actual situation of financial information disclosure, a content analysis was performed on pamphlets of a time deposit and a new reserve trust offered by banks and other financial institutes. Although consumers required information on interest rate, tax favor, loan service, protection of brink depositors and bank security to select a financial service account, informations offered on pamphlets are not sufficient. Therefore concrete way of information offer system shoed be developed. In offering interest rate, interest rate after tax deduction or payment at maturity should be also mentioned. Information on tax favor, protection of bank depositors and bank security should be contained in pamphlets as well. Use of easy terms and notes are recommended for developing pamphlets for financial products.

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A Study of financial knowledge and Information Need of consumers (소비자의 금융지식과 금융정보 요구에 관한 연구)

  • 김경자
    • Journal of the Korean Home Economics Association
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    • v.36 no.3
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    • pp.105-116
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    • 1998
  • The level of knowledge and need on consumer information in the area of personal finance were investigated in this study, based on a survey of 422 Bucheon residents. The results showed that the level of financial knowledge of respondents was low while the level of need for financial information was relatively high. The variables related to the knowledge and need level were also investigated. Suggestions were made to guide the direction of financial education program for consumers.

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