Develop Security Domain via TraderX (possibly MySecureBank)

[dc-ms]

Description
We need to develop a comprehensive security domain for our generic trading application, TraderX. This security domain will define the necessary protocols, policies, and mechanisms to protect TraderX from potential threats and vulnerabilities. By establishing a robust security domain, we aim to safeguard user data, ensure compliance with industry standards, and maintain the integrity and reliability of the trading application.

Features
Threat Modeling: Conduct a thorough threat modeling exercise to identify potential security risks and attack vectors relevant to TraderX. This process should cover all aspects of the application, including user authentication, data transmission, transaction processing, and storage. The results will guide the development of targeted security measures.

Security Policies and Controls: Define and implement a set of security policies and controls tailored to the specific needs of TraderX. This includes access control mechanisms, encryption standards, intrusion detection systems, and incident response protocols. The security domain should also address regulatory compliance requirements.

Continuous Monitoring and Auditing: Establish a framework for continuous security monitoring and auditing of TraderX. This should involve real-time monitoring of system activities, regular security audits, and vulnerability assessments. Additionally, create a process for promptly addressing any identified security issues or breaches, ensuring the ongoing protection of the application.

Benefits
Creating a dedicated security domain, piloted with TraderX, will significantly enhance the application's overall security posture. By proactively identifying and mitigating potential threats, we can protect sensitive user information and maintain the trust of our users. Implementing robust security policies and controls will ensure that applications comply with industry standards and regulations, reducing the risk of legal and financial penalties. Continuous monitoring and auditing will enable us to detect and respond to security incidents in a timely manner, maintaining the application's integrity and reliability and ultimately contributing to a safer and more secure trading environment for all users.

@maoo spoke about this here: finos/traderX#192

[willosborne]

We should think about how to generically support domains, as part of this. Any proposal should be able to model the kinds of data we need for security, as well as resiliency, etc. It'd be great to hear your thoughts on my proposal #310 !