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Security Risk Management Strategy of Financial Services Institutions
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Author(s): Guoling Lao (Shanghai University of Finance and Economics, China)and Liping Wang (Shanghai University of Finance and Economics, China)
Copyright: 2007
Pages: 43
Source title:
Managing Information Assurance in Financial Services
Source Author(s)/Editor(s): H.R. Rao (University at Buffalo, State University of New York, USA), Manish Gupta (State University of New York, USA)and Shambhu J. Upadhyaya (University at Buffalo, State University of New York, USA)
DOI: 10.4018/978-1-59904-171-1.ch005
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Abstract
This chapter is about a new security risk management strategy for financial services institutions. The proper strategy presented here takes the systematic and cybernetics theory as the instruction, regards the risk analysis process, the management strategy implementation, and the monitor and audit as an organic security management system. Thus the strategy is an auto adapted open system to defeat various safety threats dynamically. By comparing management of electronic commerce (e-commerce) security risks with that of traditional financial risks, this chapter suggests accurate security risk measurement using quantitative analysis and further integration of the e-commerce security risk with traditional financial risks.
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