Electronic Safety and Soundness : Securing Finance in a New Age

This monograph and its technical annexes identify and discuss four key pillars that are necessary to foster a secure electronic environment and the safety and soundness of financial systems worldwide. Hence, it is intended for those formulating pol...

Full description

Bibliographic Details
Main Authors:	Glaessner, Thomas C., Kellermann, Tom, McNevin, Valerie
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2013
Subjects:	ACCOUNTABILITY BANK EXAMINERS BANK FAILURE BROADCASTING COLLECTIVE ACTION COMMUNICATIONS TECHNOLOGIES COMPUTER INCIDENTS CONSOLIDATION COPYRIGHT CRIME CRIMES CRIMINALS DEBT DEPOSITS DIGITAL DIVIDE DIGITAL SIGNATURES DOCUMENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ELECTRONIC BANKING ELECTRONIC COMMERCE ELECTRONIC SERVICES ELECTRONIC TRANSACTIONS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FRAUD GOVERNMENT INTERVENTION INFORMATION SHARING INFORMATION TECHNOLOGY INSTANT MESSAGING INSTITUTIONAL ARRANGEMENTS INSURANCE INTERNET CONNECTIVITY INTERNET SERVICE PROVIDERS LAW ENFORCEMENT LAWS LEGAL FRAMEWORK LEGISLATION LIABILITY LICENSING MONEY LAUNDERING NETWORK INFRASTRUCTURE NETWORKS NUCLEAR POWER ONLINE BANKING PAYMENT SYSTEMS PENALTIES POLICY IMPLICATIONS PROTOCOLS PUBLIC AGENCIES PUBLIC POLICY REGULATORY BURDEN REGULATORY FRAMEWORK RISK MANAGEMENT SAVINGS SECURITY INFORMATION SECURITY OFFICERS SECURITY RISKS SECURITY STANDARDS SECURITY SYSTEMS SYSTEMIC RISK TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATION THREATS TRANSACTION COSTS TREASURY OPERATIONS VIDEO CONFERENCE FACILITIES POLICY FRAMEWORK MONITORING SECURITY MANAGEMENT POLICIES STANDARDS PROCEDURES RISK MANAGEMENT POLICIES COUNTRY CASE STUDIES MONEY TRANSFERS ELECTRONIC SECURITY ARCHITECTURE MONOGRAPHS PRIVATE SECTOR PUBLIC SECTOR GOVERNANCE SUPERVISION EDUCATION ACTIVITY INSURANCE POLICIES TECHNOLOGY
Online Access:	http://documents.worldbank.org/curated/en/2004/02/3108998/electronic-safety-soundness-securing-finance-new-age http://hdl.handle.net/10986/15029

id	okr-10986-15029
recordtype	oai_dc
spelling	okr-10986-150292021-04-23T14:03:12Z Electronic Safety and Soundness : Securing Finance in a New Age Glaessner, Thomas C. Kellermann, Tom McNevin, Valerie ACCOUNTABILITY BANK EXAMINERS BANK FAILURE BROADCASTING COLLECTIVE ACTION COMMUNICATIONS TECHNOLOGIES COMPUTER INCIDENTS CONSOLIDATION COPYRIGHT CRIME CRIMES CRIMINALS DEBT DEPOSITS DIGITAL DIVIDE DIGITAL SIGNATURES DOCUMENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ELECTRONIC BANKING ELECTRONIC COMMERCE ELECTRONIC SERVICES ELECTRONIC TRANSACTIONS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FRAUD GOVERNMENT INTERVENTION INFORMATION SHARING INFORMATION TECHNOLOGY INSTANT MESSAGING INSTITUTIONAL ARRANGEMENTS INSURANCE INTERNET CONNECTIVITY INTERNET SERVICE PROVIDERS LAW ENFORCEMENT LAWS LEGAL FRAMEWORK LEGISLATION LIABILITY LICENSING MONEY LAUNDERING NETWORK INFRASTRUCTURE NETWORKS NUCLEAR POWER ONLINE BANKING PAYMENT SYSTEMS PENALTIES POLICY IMPLICATIONS PROTOCOLS PUBLIC AGENCIES PUBLIC POLICY REGULATORY BURDEN REGULATORY FRAMEWORK RISK MANAGEMENT SAVINGS SECURITY INFORMATION SECURITY OFFICERS SECURITY RISKS SECURITY STANDARDS SECURITY SYSTEMS SYSTEMIC RISK TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATION THREATS TRANSACTION COSTS TREASURY OPERATIONS VIDEO CONFERENCE FACILITIES POLICY FRAMEWORK LEGAL FRAMEWORK REGULATORY FRAMEWORK MONITORING SECURITY MANAGEMENT POLICIES STANDARDS PROCEDURES RISK MANAGEMENT POLICIES MONEY LAUNDERING COUNTRY CASE STUDIES MONEY TRANSFERS INFORMATION TECHNOLOGY ELECTRONIC SECURITY ARCHITECTURE ECONOMIC INCENTIVES MONOGRAPHS EMERGING MARKETS PRIVATE SECTOR PUBLIC SECTOR GOVERNANCE MONITORING SUPERVISION EDUCATION ACTIVITY INSURANCE POLICIES TECHNOLOGY This monograph and its technical annexes identify and discuss four key pillars that are necessary to foster a secure electronic environment and the safety and soundness of financial systems worldwide. Hence, it is intended for those formulating policies in the area of electronic security and those working with financial services providers (such as executives and management). The detailed annexes of this monograph are relevant for chief information and security officers and others who are responsible for securing network systems. First, the monograph defines electronic finance (e-finance) and electronic security (e-security) and explains why these areas require attention. Next, it presents a picture of the emerging global security industry. Then, it develops a risk management framework to assist policymakers and practitioners in understanding the tradeoffs and risks inherent in using an open network infrastructure. It also provides examples of tradeoffs that may arise with respect to technological innovations, privacy, quality of service, and security in the design of an e-security policy framework. Finally, it outlines issues in four critical and interrelated areas that require attention in the building of an adequate e-security infrastructure. These are: (i) the legal, regulatory, and enforcement framework; (ii) external monitoring of e-security practices; (iii) public-private sector cooperation; and (iv) the business case for practicing layered e-security that will improve internal monitoring. 2013-08-12T20:27:32Z 2013-08-12T20:27:32Z 2004-02 http://documents.worldbank.org/curated/en/2004/02/3108998/electronic-safety-soundness-securing-finance-new-age 0-8213-5759-X http://hdl.handle.net/10986/15029 English en_US World Bank Working Paper;No. 26 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTABILITY BANK EXAMINERS BANK FAILURE BROADCASTING COLLECTIVE ACTION COMMUNICATIONS TECHNOLOGIES COMPUTER INCIDENTS CONSOLIDATION COPYRIGHT CRIME CRIMES CRIMINALS DEBT DEPOSITS DIGITAL DIVIDE DIGITAL SIGNATURES DOCUMENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ELECTRONIC BANKING ELECTRONIC COMMERCE ELECTRONIC SERVICES ELECTRONIC TRANSACTIONS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FRAUD GOVERNMENT INTERVENTION INFORMATION SHARING INFORMATION TECHNOLOGY INSTANT MESSAGING INSTITUTIONAL ARRANGEMENTS INSURANCE INTERNET CONNECTIVITY INTERNET SERVICE PROVIDERS LAW ENFORCEMENT LAWS LEGAL FRAMEWORK LEGISLATION LIABILITY LICENSING MONEY LAUNDERING NETWORK INFRASTRUCTURE NETWORKS NUCLEAR POWER ONLINE BANKING PAYMENT SYSTEMS PENALTIES POLICY IMPLICATIONS PROTOCOLS PUBLIC AGENCIES PUBLIC POLICY REGULATORY BURDEN REGULATORY FRAMEWORK RISK MANAGEMENT SAVINGS SECURITY INFORMATION SECURITY OFFICERS SECURITY RISKS SECURITY STANDARDS SECURITY SYSTEMS SYSTEMIC RISK TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATION THREATS TRANSACTION COSTS TREASURY OPERATIONS VIDEO CONFERENCE FACILITIES POLICY FRAMEWORK LEGAL FRAMEWORK REGULATORY FRAMEWORK MONITORING SECURITY MANAGEMENT POLICIES STANDARDS PROCEDURES RISK MANAGEMENT POLICIES MONEY LAUNDERING COUNTRY CASE STUDIES MONEY TRANSFERS INFORMATION TECHNOLOGY ELECTRONIC SECURITY ARCHITECTURE ECONOMIC INCENTIVES MONOGRAPHS EMERGING MARKETS PRIVATE SECTOR PUBLIC SECTOR GOVERNANCE MONITORING SUPERVISION EDUCATION ACTIVITY INSURANCE POLICIES TECHNOLOGY
spellingShingle	ACCOUNTABILITY BANK EXAMINERS BANK FAILURE BROADCASTING COLLECTIVE ACTION COMMUNICATIONS TECHNOLOGIES COMPUTER INCIDENTS CONSOLIDATION COPYRIGHT CRIME CRIMES CRIMINALS DEBT DEPOSITS DIGITAL DIVIDE DIGITAL SIGNATURES DOCUMENTS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ELECTRONIC BANKING ELECTRONIC COMMERCE ELECTRONIC SERVICES ELECTRONIC TRANSACTIONS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FRAUD GOVERNMENT INTERVENTION INFORMATION SHARING INFORMATION TECHNOLOGY INSTANT MESSAGING INSTITUTIONAL ARRANGEMENTS INSURANCE INTERNET CONNECTIVITY INTERNET SERVICE PROVIDERS LAW ENFORCEMENT LAWS LEGAL FRAMEWORK LEGISLATION LIABILITY LICENSING MONEY LAUNDERING NETWORK INFRASTRUCTURE NETWORKS NUCLEAR POWER ONLINE BANKING PAYMENT SYSTEMS PENALTIES POLICY IMPLICATIONS PROTOCOLS PUBLIC AGENCIES PUBLIC POLICY REGULATORY BURDEN REGULATORY FRAMEWORK RISK MANAGEMENT SAVINGS SECURITY INFORMATION SECURITY OFFICERS SECURITY RISKS SECURITY STANDARDS SECURITY SYSTEMS SYSTEMIC RISK TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATION THREATS TRANSACTION COSTS TREASURY OPERATIONS VIDEO CONFERENCE FACILITIES POLICY FRAMEWORK LEGAL FRAMEWORK REGULATORY FRAMEWORK MONITORING SECURITY MANAGEMENT POLICIES STANDARDS PROCEDURES RISK MANAGEMENT POLICIES MONEY LAUNDERING COUNTRY CASE STUDIES MONEY TRANSFERS INFORMATION TECHNOLOGY ELECTRONIC SECURITY ARCHITECTURE ECONOMIC INCENTIVES MONOGRAPHS EMERGING MARKETS PRIVATE SECTOR PUBLIC SECTOR GOVERNANCE MONITORING SUPERVISION EDUCATION ACTIVITY INSURANCE POLICIES TECHNOLOGY Glaessner, Thomas C. Kellermann, Tom McNevin, Valerie Electronic Safety and Soundness : Securing Finance in a New Age
relation	World Bank Working Paper;No. 26
description	This monograph and its technical annexes identify and discuss four key pillars that are necessary to foster a secure electronic environment and the safety and soundness of financial systems worldwide. Hence, it is intended for those formulating policies in the area of electronic security and those working with financial services providers (such as executives and management). The detailed annexes of this monograph are relevant for chief information and security officers and others who are responsible for securing network systems. First, the monograph defines electronic finance (e-finance) and electronic security (e-security) and explains why these areas require attention. Next, it presents a picture of the emerging global security industry. Then, it develops a risk management framework to assist policymakers and practitioners in understanding the tradeoffs and risks inherent in using an open network infrastructure. It also provides examples of tradeoffs that may arise with respect to technological innovations, privacy, quality of service, and security in the design of an e-security policy framework. Finally, it outlines issues in four critical and interrelated areas that require attention in the building of an adequate e-security infrastructure. These are: (i) the legal, regulatory, and enforcement framework; (ii) external monitoring of e-security practices; (iii) public-private sector cooperation; and (iv) the business case for practicing layered e-security that will improve internal monitoring.
format	Publications & Research :: Publication
author	Glaessner, Thomas C. Kellermann, Tom McNevin, Valerie
author_facet	Glaessner, Thomas C. Kellermann, Tom McNevin, Valerie
author_sort	Glaessner, Thomas C.
title	Electronic Safety and Soundness : Securing Finance in a New Age
title_short	Electronic Safety and Soundness : Securing Finance in a New Age
title_full	Electronic Safety and Soundness : Securing Finance in a New Age
title_fullStr	Electronic Safety and Soundness : Securing Finance in a New Age
title_full_unstemmed	Electronic Safety and Soundness : Securing Finance in a New Age
title_sort	electronic safety and soundness : securing finance in a new age
publisher	Washington, DC: World Bank
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/02/3108998/electronic-safety-soundness-securing-finance-new-age http://hdl.handle.net/10986/15029
_version_	1764426021183946752

Electronic Safety and Soundness : Securing Finance in a New Age

Similar Items