There are at present a number of security standards available for different financial applications; most of them are internationally accepted and part of the ISO standards. These international standards should be examined and adopted keeping in view the requirements of the Indian banking industry. Banks need to put in place measures which conform to there is policies and ensure the regular, periodical audit.
An important issue is relating to the security levels of use within the various operating departments in the banks. The common level of entry is the use of validation of authorised access (in the form of authorised User-Ids) to be further authenticated by correctness of passwords keyed in by the authorised users.