RealNews

Committee calls for better e-banking security management

An influential international banking committee issued a report Tuesday calling for better security and management of electronic banking (e-banking) by the world’s financial institutions. The report, “Risk Management Principles for Electronic Banking,” was released by the Basel Committee on Banking Supervision and published on the Web. The rapid growth of e-banking in recent years has created a wealth of new banking products and services, but has also increased banks’ exposure to financial and legal risks, the committee said. Banks need to re-evaluate their risk management strategies and policies to account for e-banking activity, the committee said. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.