Financial Crime World

Here is the rewritten article in Markdown format:

Cybercrime in Finance Industry Puts Saint-Pierre and Miquelon at Risk

Saint-Pierre and Miquelon, a French overseas collectivity located off the coast of Canada, is not immune to the growing threat of cybercrime in the finance industry. A recent study has highlighted the need for increased collaboration between public and private sectors to combat this menace.

The Study’s Findings

The study, titled “Countering Cyber Threats to Financial Institutions: A Private and Public Partnership Approach to Critical Infrastructure Protection”, reveals that financial institutions in Saint-Pierre and Miquelon are increasingly vulnerable to cyber attacks. The authors of the book, Pierre-Luc Pomerleau and David L. Lowery, conducted a series of interviews with cybersecurity professionals based in Canada to better understand the risks and threats facing the financial sector.

Key Challenges

  • Lack of effective public-private partnerships
  • Difficulty detecting, monitoring, and responding to cyber attacks
  • Limited information sharing between public and private sectors

Policy Recommendations

The authors propose policy recommendations for improving cybersecurity protection measures within financial institutions and enhancing information sharing between the public and private sectors. These recommendations aim to strengthen the defense against cyber threats and minimize their impact on individuals and society.

Importance of Cybersecurity in Finance

  • Timely and effective responses to cyber threats are crucial
  • Cybersecurity is essential for maintaining trust and confidence in the finance industry
  • The negative social impact of cyber-attacks must be mitigated

About the Authors

Pierre-Luc Pomerleau, one of the authors, has over 15 years of experience as a financial crime executive with three large Canadian financial institutions. David L. Lowery, the other author, is a retired US Air Force lieutenant colonel and currently serves as Professor of Homeland Security at Northcentral University.

Relevance to Saint-Pierre and Miquelon

The study’s findings are timely and relevant to the finance industry in Saint-Pierre and Miquelon, which relies heavily on online transactions and digital communication. The authors’ policy recommendations provide valuable insights for policymakers, financial institutions, and cybersecurity professionals seeking to improve cybersecurity protection measures in the region.

Reviews

  • “Cybersecurity is an immensely complex field, and public-private partnerships in the financial sector are at the very core of this complexity. This book provides rich insights into these partnerships, their internal dynamics, and tensions, appealing to those specialising in cybersecurity, public-private partnerships, security networks, and security governance.” - Chad Whelan, Associate Professor in Criminology, Deakin University, Australia
  • “This book offers a significant blueprint for would-be cybersecurity heroes in a business where there can be no ‘second place’ finishers!” - Brigadier General Stanley J. Osserman, Jr., US Air Force (Retired)