4  BIS central bankers’ speeches  The critical elements of IT risk relate to, Safety and Security, Availability, Performance and Compliance. What are the issues that need to be taken note of by the banks? The IT systems of the banks are often web enabled.
This leads to better customer service and new delivery channel and the same time exposes the banks to greater risks. Various studies reveal that the incidence of malicious attacks are increasing and the nature of attacks are very dynamic and getting sophisticated. Are all the employees educated about IT security threats? Whether all employees are aware of Information Security policy of the bank?