How banks are arranging IT security in Banks?
Data security is an issue of utmost importance for banking sector where day-to-day operations are based and are operated through information and information processing, that is a process which is technology dependent. In banking two important issues for data security are always considered: first is protection of investment in information assets and availability of assets as being required, whenever and wherever. By following below methods data is protected by hackers and other such type of threats.
•Taking care of the human factor: IT security in Bank is applicable to both insiders and customers of banks as well. So there always occurs need to be vigilant against an insider who is more acquainted with banking operations. More important is a customer who exploits technology loop holes for malafide intentions. So there should be an appropriate focus over the set of people directly related to the systems as well as targeted audience too.
•IT security policies and procedures: There should be an existence of well documented policies and procedures related to areas of baking operations. Well laid down processes and procedures not only enhance employee efficiency but set clear objectives for attaining goals of data security. These way operations occur in a very secure and safe manner.
•Action at the appropriate time: Addressing IT security related concerns and breaches are also of great importance altogether. So any correct measure at the time of breach should happened in timeliness; it is only those banks which take quick corrective action in tine can survive the onslaught of security breaches. And theses quick actions are only possible when banks have already put in place well defined systems and procedures.
•Adequate resource capability: For an effective IT security framework all resources that let the achievement of this goal should be properly provided like adequate personnel, effective and efficient IT systems, good vendor management policies, and sound IT / ARE Audit mechanisms.
•IT security as a way of life: As IT security cannot be tested or implemented in isolation therefore it should be implemented as an essential requirement through normal living of life. So banks should include the security culture in day-to-day activities of life.
Though IT security appears to be an inconvenience, however, is rather economical in longer run.



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