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020 _a9783031079337
_9978-3-031-07933-7
024 7 _a10.1007/978-3-031-07933-7
_2doi
050 4 _aQA76.17
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072 7 _aTBX
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082 0 4 _a004.09
_223
100 1 _aSweetman, Ashley.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 0 _aCyber and the City
_h[electronic resource] :
_bSecuring London’s Banks in the Computer Age /
_cby Ashley Sweetman.
250 _a1st ed. 2022.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2022.
300 _aVII, 230 p. 1 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aHistory of Computing,
_x2190-684X
505 0 _a1. Introduction -- 2. The London Clearing Banks and Computer Security: 1960-1977 -- 3. BACS: 1971-1980 -- 4. SWIFT: 1972-84 -- 5. Consolidating Growth: 1978-1985 -- 6. CHAPS: 1972-1984 -- 7. Hacking it: 1985-95 -- Conclusion -- Bibliography.
520 _aCyber security is the greatest risk faced by financial institutions today. Ever since the major London banks purchased their first computers in the early 1960s, they have had to balance their dependence on those machines with the need to secure their operations and retain the trust of their customers. Technological change in the second half of the 20th century prompted UK banks to reevaluate their function as trusted protectors of wealth. In the City of London, historically the capital's business and commerce hub, the huge clearing banks employed newly commercialised computers—the processing power of which could transform the highly clerical clearing and settlement process. What unfolded over the following three decades was a relentless modernisation drive. Revolutionising and permanently altering the speed and scale at which the UK’s financial sector functioned, this rapid modernisation thrust computer (hardware and software) security into the consciousness of bank executivesand clients alike. Focusing on the period 1960 to 1990, this book uses newly released and previously unexplored archival material to trace the origins of cyber security in the UK financial sector. Topics and features: Describes how institutions managed the evolving challenge of computer security in the second half of the 20th century Demonstrates continuity in banks' views of security through the prism of confidentiality, integrity and availability, and the concept of resilience Presents case studies of bank collaboration on computer security through creation of payment systems like SWIFT and CHAPS Outlines the shift from focusing on physical security measures to technical network-protection measures Explores the relationship between banks and the UK Government as bank operations became dependent on computer and network technology This work will be of value to students and academic researchers in the history of computing, financial history, and the history of intelligence and security, as well as general readers interested in contemporary intelligence, cyber security, and finance. Dr. Ashley Sweetman works in cyber security for a London-based global bank and holds a PhD from the Department of War Studies at King’s College London.
650 0 _aComputers
_xHistory.
650 0 _aComputer crimes.
650 0 _aFinancial services industry.
650 1 4 _aHistory of Computing.
650 2 4 _aComputer Crime.
650 2 4 _aFinancial Services.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031079320
776 0 8 _iPrinted edition:
_z9783031079344
776 0 8 _iPrinted edition:
_z9783031079351
830 0 _aHistory of Computing,
_x2190-684X
856 4 0 _uhttps://doi.org/10.1007/978-3-031-07933-7
912 _aZDB-2-SCS
912 _aZDB-2-SXCS
942 _cSPRINGER
999 _c178120
_d178120