A Study On Bank Information Technology Risk Management And Several Countermeasures

E-banking has become a basic and strategically important work for banks in internet economy era to launch innovative business, to enhance service quality and management level, to lower operational cost, and to participate in global competition. With the development of E-banking, banks have been highly reliant on computer information system. Bank information technology risk and bank information security have raised concerns and have subsequently become important factors affecting national finance security. Hence strengthening the research on bank information technology risk, putting importance on bank information technology risk control, prevention and resolving, and enforcing bank information security management have become indispensable parts of bank risk management in information era. This article explores bank information technology risk and controlling strategy in hope that it contributes to the research.The article briefs on the related concepts of bank technology risk and categories it into six types. And it carefully analyses the mechanism behind the formation of the six types of risk as well as methods of prevention. The article also uses risk management theory to carefully analyze threaten which induces bank technology risk and the born defects of the bank information system. It forms a basic thinking on bank technology risk management.The article studies and points out the presenting forms, major damage and basis characteristics of bank technology risk against the backdrop of technology risk induced by bank information technology development and application. The article lists out basic characteristics of bank technology risk including its prevalence, hidden nature, various presenting forms, complicated resources, huge damage to banks, easiness to be utilized by criminals, and hardship in management. A less than strict prevention and management may have great influence on normal operation of banking industry and consumers' confidence in banks. It may also incur severe financial crisis or even put the nation's finance security under threaten.The article also analyses the development trend and practical experience of foreign bank information technology risk management, for example, practice by developed countries and regions on bank technology risk management. On basis of that, the article finds enlightens that benefits China's bank technology information risk control. Based on systematic point of view, The article concludes that bank technology risk management is a dynamic, overall, and complicated systematic project. It studies from two angels on internal control and external control, and suggests on strategies for controlling, preventing and resolving bank information technology risk. The internal control emphasizes on enhancing understanding and thinking, bettering internal regulations, strengthening technological prevention, enforcing team building, implementing grading protection, and establishing emergency system etc. The external control focuses on strengthening finance monitoring, establishing auditing mechanism, speeding technology laws, launching standard, enforcing bank client's sense of security, strengthening service outsourcing risk control and acquiring strong support from the nation's other departments and organizations etc.