Managing Risks of Electronic Banking

The development of e-banking services and e-commerce (including electronic money) can provide significant opportunities for banks. Application of information technology in banking brings, with one hand, strong organizational and economic growth potential, and on the other hand, opens space for the emergence of new forms of risk. So, rapid development potential of e-banking carries risks and benefits. Therefore, the provision of adequate security, appear as a separate critical factor in the functioning of electronic banking. The essence of security problems of modern electronic banking system reduced the risks of data security breaches and identity of entities, whereby the relative importance of these elements changes with technological development. Problems that are relevant for this group of critical factors required to determine the scope and nature of new risks, opportunities and price protection, and to determine the key division of the additional costs that it brings.