E-BANKING RISK MANAGEMENT

  • Marko Ranković EuroPlanet, d.o.o
  • Vladimir Simović Visoka škola za informacione tehnologije
  • Vojkan Vasković Beogradska Poslovna Škola
Keywords: Risk, e-banking, standard, ISO 17799

Abstract

There are many risks in the E-Banking. All of them are can jeopardize the financial institution and therefore they can’t be disregarded. Each of these risks, in organization’s micro-environment, as well as in macro-environment, deserves special attention. This paper identifies the most important risks, on operational and strategic level, as well as identifying the risk management processes and steps which needs to be undertaken in order to mitigate the risk. In the paper the special attention is focused to the activities of the management structures directed to the risk mitigation and to the importance of the standard ISO 17799. Implementation of the requirements given by this standard, through changes of the procedures and the organizational structure, the infrastructure prerequisites will be met to create secure business environment. Therefore, compliance with ISO 17799 is ensuring that information is better protected and therefore the E-Banking risks are mitigated.
Published
2019-01-15
Section
Articles