As the horizon of ICT keeps widening, the security gaps also keep rising, leaving the banks and customers lagging. It becomes essential that bankers, regulators, ICT manufacturers and system providers, software professionals and auditors all work in unison to proactively identify, anticipate and plug the gaps as a regular activity instead of acting after fraudulent attempts fructify.
It is to be recognized that Information Security has two important dimensions, namely: i.  protection of investment in information assets and to the actual information thereon, and,  ii. availability of assets for use whenever and wherever required. 8.