Information Security Risk Assessment for Banking Sector-A Case study of Pakistani Banks

Dr. Usman Munir; Irfan Manarvi

Information Security Risk Assessment for Banking Sector-A Case study of Pakistani Banks

Dr. Usman Munir * §

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Irfan Manarvi

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Abstract

The ever increasing trend of Information Technology (IT) in organizations has given them new horizon in international market. Organizations now totally depend on IT for better and effective communication and daily operational tasks. Advancements in IT have exposed organization to information security threats also. Several methods and standards for assessment of information security in an organization are available today. Problems with these methods and standards are that they neither provide quantitative analysis of information security nor access potential loses information malfunctioning could create. This paper highlight the necessity of information security tool which could provide quantitative risk assessment along with the classification of risk management controls like management, operational and technical controls in an organizations. It is not possible for organizations to establish information security effectively without knowing the loopholes in their controls. Empirical data for this research was collected from the 5 major banks of Pakistan through two different questionnaires. It is observed that mostly banks have implemented the technical and operational control properly, but the real crux, the information security culture in organization is still a missing link in information security management.

References

18 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Usman Munir, Irfan Manarvi. 1970. "Information Security Risk Assessment for Banking Sector-A Case study of Pakistani Banks". Global Journal of Computer Science and Technology GJCST Volume 10 (GJCST Volume 10 Issue 10).

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GJCST Volume 10 Issue 10
Pg. 5-10

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Journal Specifications

Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

Keywords

Not Found

Classification

GJCST Classification E.5 J.1 H.2.7

Submission ReceivedFebruary 8, 2010
Peer Review Double Blind
Handling Editor
Accepted March 5, 2010
Published March 15, 2010

Version of record

v1.2

Issue date

September 30, 2010

Language

English

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Article Matrices

Total Score: 147

Country: Unknown

Subject: Global Journal of Computer Science and Technology

Authors: Dr. Usman Munir, Irfan Manarvi (PhD/Dr. count: 1)

View Count (all-time): 266

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Publish Date: 2010 03, Mon

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Total Views: 5.3K

Total Downloads: 452

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