Problem1. Security Risk Management is systematic process for determining the likelihood of many security attacks and for identifying the actions required to prevent or otherwise mitigate those attacks.

problem1. Security Risk Management comprises four phases, describe each one of them.

problem2. Describe why the following security measures are significant for e-banking:

i) Auditing

ii) Data Confidentiality

iii) Non Repudiation

problem3. What do you understand by the term denial-of-service attack?

problem4. E-banking is a solution implemented over network (the Internet). There are different risks associated with network, describe any one technology that exists to make sure that an organization’s network boundaries are safe.

Problem2. Globalization and deregulation in financial markets, combined with raised sophistication in financial technology, have introduced more complexities in the activities of banks and therefore their risk profiles. These reasons underscore banks and supervisor’s growing focus on the identification and measurement of operational risk.

problem1. describe the term Operational risk.

problem2. Provide two exs of operational risk associated with e-banking and describe how each could be manifested.

problem3. How can e-banking increase the level of operational risk for financial institution?

problem4. How can a financial institution control operational risks?