Research On The Legal Safeguard Mechanisms For The Business Security Of Internet Banking

Since the 1990s,the application of new network technology has greatly changed the banking system.Internet banking is the product of combination of the technological and financial innovation. New e-commerce in internet banking fields has raised a new challenge in traditional bank concept, operational model,operational philosophy, management model,business security and internal control mechanisms.Internet banking business is faced with many new legal issues, such as internet banking service agreement with the authentication of electronic signatures;E-money environment, internet banking anti-money laundering legal issues;The consumer protection in internet banking business and so on, which are results of the varieties of malicious attacks from the network, the vulnerabilities of application software, as well as the shortcomings of the bank system itself.Legal regulatory system is needed to solve the internet banking business security issues. Internet banking business is a brand new banking practices and relevant legislation and regulatory mechanisms are inadequate and absent, therefore, how to take measures to prevent and control the internet banking risks, strengthen network banking supervision, establish a standard operating and financial environment of fair competition to ensure the safe operation of the financial sector, having become an urgent new problem.In the financial globalization background, basing on the more muture legislative experience about the development of internet banking and regulatory system in international community, this article is trying to make an further exploration about the legal issues in internet banking, then to present recmmendation for improving the legal protection system in internet banking business security.