Welcome » IT Booklets » E-Banking » Risk Management of E-Banking Activities » Administrative controls
E-banking presents new administrative control requirements and potentially increases the importance of existing controls. Management must evaluate its administrative controls to maximize the availability and integrity of e-banking systems. E-banking information can support identity theft for either fraud at the subject institution or for creating fraudulent accounts at other institutions. Institutions should consider the adequacy of the following controls:
E-banking activities are subject to the same risks as other banking processes. However, the processes used to monitor and control these risks may vary because of e-banking's heavy reliance on automated systems and the customer's direct access to the institution's computer network. Some of the controls that help assure the integrity and availability of e-banking systems are discussed below.