• Title/Summary/Keyword: Financial Safety

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Risk Analysis Method Applied to Train Control Systems for Safety Assurance (열차제어시스템 안전성 확보를 위한 위험도 분석 방법 적용)

  • Jo, Hyun-Jeong;Hwang, Jong-Gyu
    • Journal of the Korean Society of Safety
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    • v.22 no.5
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    • pp.71-76
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    • 2007
  • Failures of equipments for train control systems are linked directly to extensive damages of human lives or financial losses from the increasing uses of train control equipments utilizing computers. Then safety activities for assuring safety and reliability are needed during the system life-cycle. Risk analysis is important phase to increase safety from determining the risk presented by the identified hazard. In this paper, we investigated several methods for risk estimation of safety activities, and then we drew a comparison between original methods to suggest optimized one in the application to train control systems. In the result of the comparison, we had plan to propose the risk analysis method called Best-Practice(BP) risk method combining advantages of the qualitative and the quantitative analysis. In addition, we attempted to apply the BP-risk method to domestic train control systems handling in Korea.

A Study on the Policy Proposal and Model B2B2C for Safe Open Banking (안전한 오픈뱅킹 구축을 위한 정책 및 B2B2C 모델에 관한 연구)

  • Choi, Dae-Hyun;Kim, In-Seok
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.29 no.6
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    • pp.1271-1283
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    • 2019
  • The fourth industrial revolution and digital transformation are also bringing major changes to the financial ecosystem in Korea. Already, global financial firms overseas are opening their financial markets and exploring new financial businesses by seeking ways to co-prosperity with fintech firms. However, it is also true that the domestic financial environment has failed to respond to the changes due to its monopolistic and closed structure. In response, the government began pushing for the introduction of open banking in December 2019 with the aim of fully opening the financial settlement system. However, unlike the existing simple financial transaction structure, open banking still has an unresolved part due to the unclear relationship of responsibilities between interested parties in the event of financial accidents due to the complex linkage structure of transactions such as financial firms, fintech firms and customers. This study analyzed the security threat of open banking in depth. By doing so, the government and financial firms want to present policy proposals that need to be improved to enhance the safety of open banking in korea and protect financial consumers, as well as new financial models that have improved the vulnerable parts of existing models.

A Study on the Countermeasure Technology for Fin-Tech Optimized Financial Security (금융 보안에 최적화된 Fin-Tech 대응기술 연구)

  • Kim, Seokhoon;Kwak, Ha-Min
    • Journal of Convergence Society for SMB
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    • v.5 no.4
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    • pp.25-30
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    • 2015
  • Recently, interest in Fin-Tech, a compound word of finance and technology, has been increased. However, Fin-Tech that is a mixture of finance and IT is exposed in terms of security. In this paper, we propose a method to solve the security-related problem that occurs in the financial sector where the Fin-Tech is used. Proposed method found out different problems of services which are provided by companies through a variety of financial sectors and described a method to facilitate the security service. In particular, proposed method presents a service plan to secure safety and to minimize the damage. Also, proposed method set an objective to stabilize financial services based on analyzed result after analyzing the problems of existing FinTech security services.

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Safety Management Practices in Small and Medium Enterprises in India

  • Unnikrishnan, Seema;Iqbal, Rauf;Singh, Anju;Nimkar, Indrayani M.
    • Safety and Health at Work
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    • v.6 no.1
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    • pp.46-55
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    • 2015
  • Background: Small and medium enterprises (SMEs) are often the main pillar of an economy. Minor accidents, ergonomics problems, old and outdated machinery, and lack of awareness have created a need for implementation of safety practices in SMEs. Implementation of healthy working conditions creates positive impacts on economic and social development. Methods: In this study, a questionnaire was developed and administered to 30 randomly chosen SMEs in and around Mumbai, Maharashtra, and other states in India to evaluate safety practices implemented in their facilities. The study also looked into the barriers and drivers for technology innovation and suggestions were also received from the respondent SMEs for best practices on safety issues. Results: In some SMEs, risks associated with safety issues were increased whereas risks were decreased in others. Safety management practices are inadequate in most SMEs. Market competitiveness, better efficiency, less risk, and stringent laws were found to be most significant drivers; and financial constraints, lack of awareness, resistance to change, and lack of training for employees were found to be main barriers. Conclusion: Competition between SMEs was found to be major reason for implementation of safety practices in the SMEs. The major contribution of the study has been awareness building on safety issues in the SMEs that participated in the project.

Study on Mobile OTP(One Time Password) Mechanism based PKI for Preventing Phishing Attacks and Improving Availability (피싱 방지 및 가용성 개선을 위한 PKI기반의 모바일 OTP(One Time Password) 메커니즘에 관한 연구)

  • Kim, Tha-Hyung;Lee, Jun-Ho;Lee, Dong-Hoon
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.21 no.1
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    • pp.15-26
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    • 2011
  • The development of IT technology and information communication networks activated to online financial transactions; the users were able to get a variety of financial services. However, unlike the positive effect that occurred on 7 July 2009 DDoS(Distribute Denial of Service) attacks, such as damaging to the user, which was caused negative effects. Authentication technology(OTP) is used to online financial transaction, which should be reviewed to safety with various points because the unpredictable attacks can bypass the authentication procedure such as phishing sites, which is occurred. Thus, this paper proposes mobile OTP(One Time Password) Mechanism, which is based on PKI to improve the safety of OTP authentication. The proposed Mechanism is operated based on PKI; the secret is transmitted safely through signatures and public key encryption of the user and the authentication server. The users do not input in the web site, but the generated OTP is directly transmitted to the authentication server. Therefore, it is improvement of the availability of the user and the resolved problem is exposed from the citibank phishing site(USA) in 2006.

Credit Evaluation Model for Medical Venture Business By the Analytic Hierarchy Process (AHP를 이용한 의료기기 벤처기업의 신용평가모형)

  • Park, Cheol-Soo;Kim, Mahn-Sool
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.6 no.2
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    • pp.133-147
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    • 2011
  • This study presents the credit evaluation model for medical venture business which has been growing within the recent decade. We develop the model with two steps. At the first step, the evaluation indexes for each of the financial and non-financial factors of a firm are listed. At the second step, the weight for each index is measured by using the Analytic Hierarchy Process of Saaty(1980). The financial factors consists of 5 upper level indexes and 10 lower level indexes. The upper level indexes of the financial sector are profitability, safety, utilization, growth, and productivity. And the non-financial factors consists of 5 upper level indexes and 17 lower lever indexes. The upper level indexes in this sector are manager's competence, technical capability, marketability, business validity, and reliability. In order to get the empirical results for our model, we conduct the questionnaire survey targeting the credit assessment officers, who are practicing at the financial institutions or the credit guarantee company located within the Wonju Medical Devices Cluster.

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Improvement of regulations to strengthen the safety and protect users of domestic Open Banking (국내 오픈뱅킹 안정성 강화 및 이용자 보호를 위한 규제 개선 방안)

  • Kwon, Nam Hoon;Kim, In Seok
    • Convergence Security Journal
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    • v.20 no.2
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    • pp.37-52
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    • 2020
  • The EU, the United Kingdom and South Korea are actively pursuing open banking to open financial information to fintech companies for financial structure reform and convenience of financial consumers. As open banking is gradually activated, the importance of stability and protecting users of open banking will increase. In particular, Korea has an electronic financial transaction law that has been in effect since 2007 to secure the stability and reliability of electronic financial transactions, but it is difficult to apply to participating organizations in open banking, so there is a risk of preventing security accidents and weakening user protection in open banking. Therefore, this paper examines the foreign legal system of open banking and analyzes the structure and characteristics of domestic open banking and suggests the ways to improve regulations necessary to strengthen open banking stability and user protection.

Fuzzy Logic in Nuclear Safety Issues

  • Ruan, Da
    • Journal of the Korean Institute of Intelligent Systems
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    • v.7 no.1
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    • pp.34-44
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    • 1997
  • The Belgian Nuclear Research Centre(SCK${\cdot}$CEN) has been a pioneer of the peaceful uses of nuclear energy after over forty years of existence. Recently, SCK${\cdot}$CEN's financial support of doctoral and postdoctoral research in close collaboration with universities has been a vital ingredient for securing a quality profile committed to the pursuit of execllence. FLINS, Fuzzy Logic and Intelligent technologies in Nuclear Science, was initially built within one of the postdoctoral research project at SCK${\cdot}$CEN. Among SCK${\cdot}$CEN's activities which will have an important impact on its scientific future, the application of fuzzy logic and intelligent technologies in nuclear science and engineering opens new domains in radiation protection, safety assessment, human reliability, nuclear reactor control, waste and disposal, etc. In this paper, we review the available literature on fuzzy logic in nuclear applications. We then present the initiative of R&D on fuzzy logic applications at SCK${\cdot}$CEN, namely, (1) safety control for a nuclear reactor, and (2) a safety evaluation model for nuclear transmission lines. By these two examples of nuclear applications, we illustrate the potential use of fuzzy logic in nuclear safety issues.

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A Study on the Software Safety Assessment of Healthcare Systems

  • Olenski, Rafal;Park, Man-Gon
    • Journal of Multimedia Information System
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    • v.2 no.2
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    • pp.241-248
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    • 2015
  • The safety-critical software in healthcare systems needs more and more perceptive excess among human observation and computer support. It is a challenging conversion that we are fronting in confirming security in healthcare systems. Held in the center are the patients-the most important receivers of care. Patient injuries and fatalities connected to health information technologies commonly show up in the news, contrasted with tales of how health experts are being provided financial motivation to approve the products that may be generating damage. Those events are unbelievable and terrifying, however they emphasize on a crucial issue and understanding that we have to be more careful for the safety and protection of our patients.

The research on the situation and problem of domestic pest control company (국내방역회사 현황 및 문제점조사)

  • 손종렬;유성덕;김영환;이용성
    • Journal of environmental and Sanitary engineering
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    • v.17 no.4
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    • pp.39-46
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    • 2002
  • The purpose of this research was to get an alternative idea about the situation and problems of domestic pest control company We performed a questionnaire survey of 105 companies to find the situation and problems of pest control companies with and with out lincensed sanitarians. The investigation revealed the following issues and the conclusions summarized. 1. Companies with lincensed sanitarians have shown to put forth hygenic safety(62%) as first priority as to companies without sanitarians neglect hygenic safety and rank financial benefit(40%) as their priority. 2. Companies with lincensed sanitarians have directions on its use of pesticides but the companies without inspectors rely only on field experiences. 3. Companies with lincensed sanitarians are known to use the safety equipment. To the contrary, companies without sanitarians worked without the proper safety equipment safety gear. 4. Companies with sanitarians been regularly received educational Programs on chemicals used in the pest control. And then companies without did not have my other educational programs for chemicals they used.