All these big corporations are now heavily dependent on their IT
departments ! And offcourse their IT people have made them sure that
they are the best, but the management can only realize untill there is
a security breach by some hacker!
I am surprised that how vulnerable we are in the era of IT where there
are no checks by the regulators that how organizations are managing
their IT security and there are very few standards available in our
country!
We are now introducing branch-less banking through internet banking and mobile banking and all these avenues are no doubt very useful, but alongwith their huge business potential they bring in some risks which should be dealt pro-actively.
I hope SBP would have prepared some rules for that, but we have to think about it before the hackers get them ! Whole organizations now depends upon these IT departments and especially in case of banks which are now going towards centralization through implementation of new Banking Softwares. This centralization increases the operational risk in case there is some security breach !
Just a point to ponder !
departments ! And offcourse their IT people have made them sure that
they are the best, but the management can only realize untill there is
a security breach by some hacker!
I am surprised that how vulnerable we are in the era of IT where there
are no checks by the regulators that how organizations are managing
their IT security and there are very few standards available in our
country!
We are now introducing branch-less banking through internet banking and mobile banking and all these avenues are no doubt very useful, but alongwith their huge business potential they bring in some risks which should be dealt pro-actively.
I hope SBP would have prepared some rules for that, but we have to think about it before the hackers get them ! Whole organizations now depends upon these IT departments and especially in case of banks which are now going towards centralization through implementation of new Banking Softwares. This centralization increases the operational risk in case there is some security breach !
Just a point to ponder !
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