International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Vulnerability Assessment and Management in Financial Software

Author(s) Ajay Benadict Antony Raju
Country USA
Abstract Vulnerability Assessment and Management in financial software is one of the key factors to consider with a view of enhancing the security and reliability of the various financial systems. Lastly, software applications being used for businesses especially financial institutions have a high risk of having vulnerabilities that can either be coded, designed or configured. Vulnerability assessment is evaluating and ranking or prioritizing such weaknesses with a view of reducing possible security threats. This process normally involves the use of automated scanning tools, manual testing and intelligence information to look for the holes. Having recognized vulnerability management also covers the processes and practices that are taken to correct and deal with such issues such as patching, system updating, and configurations among others. It is therefore crucial for financial institutions to design coherent programs that would allow them to identify and efficiently manage vulnerabilities that may threaten their software, thus help them comply with regulatory requirements while maintaining the security of their financial information. It not only increases the protection of the overall system but preserves confidence and credibility in financial transactions in conditions of the growing number of threats.
Keywords Vulnerability Assessment, Financial Software, Security, Risk Mitigation, Patch Management, Threat Intelligence
Published In Volume 5, Issue 5, September-October 2023
Published On 2023-10-24
DOI https://doi.org/10.36948/ijfmr.2023.v05i05.12152
Short DOI https://doi.org/g8tv9k
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E-ISSN 2582-2160
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