Security Risk Management Strategy of Financial Services Institutions

Security Risk Management Strategy of Financial Services Institutions

Guoling Lao (Shanghai University of Finance and Economics, China) and Liping Wang (Shanghai University of Finance and Economics, China)
Copyright: © 2007 |Pages: 43
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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