Application of e-commerce security management strategy in banking

  • Authors:
  • Guoling Lao;Liping Wang

  • Affiliations:
  • Donghua University, Shanghai, China;Shanghai University of Finance & Economics, Shanghai, China

  • Venue:
  • ICEC '05 Proceedings of the 7th international conference on Electronic commerce
  • Year:
  • 2005

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Abstract

Today, e-commerce has achieved wide applications with its carrier network and information technology's rapid developments. But various security problems set up a lot of barriers for its further progress and the security becomes a bottleneck. Unless these problems are entirely solved, e-commerce cannot go along smoothly.According to these facts, the article tries to find a systematic security solution for the banks engaged in e-commerce. That is: security management strategy. The security strategy includes four parts: security risk analysis, determination of risk control targets, design and application of concrete strategy, and real-time monitor and audit. The risk analysis is introduced to the bank's security management and serves as the start point. By integrating security technology solutions and management solutions tightly, this strategy presents a macroscopical plan, and at the same time, demonstrates the detailed practical methods. Finally, security management strategy returns to a new security risk analysis. Basing on analyzing the new risks, another strategy starts.As the strategy starts from risk analysis and the course of determinate the security ascends continuously, thereby the bank's security solution turns much more close to actual demands, and can function flexibly according to the fast changing environment.So we say, the security management strategy is a good solution for the banks dealing with e-commerce.