Risk of technologies
It is risk of emergence of direct or indirect losses as a result of unavailability of IT systems, incorrectnesses of settings and work of algorithms, violations of quality and integrity of data, violations in work of contractors and partners and errors when developing and updating IT systems.
The European banking organization (European Banking Authority, EBA) defines five main risk categories of technologies
Risk of IT of development and updating of systems
The risk connected with inability of the organization properly to manage and control IT of change:
- In the current activity
- Within changes
Risk of unavailability of IT systems
Risk that failure of equipment rooms or IT program components, defects in the organizations of management of IT or any other event will negatively affect performance and availability of IT systems and/or data
Risk of violation of quality and integrity of data
Risk of incompleteness, the inaccuracy or inconsistency of the data which are stored and processed in IT systems therefore the quality of the customer service delivery, managements to risks and granting correct and timely financial information decreases
Risk of contractors and partners
Risk that involvement of the third party or other division of Group (intra group outsourcing) for development / implementation of IT systems or the related services, will lead to decrease in efficiency of activity and quality of risk management
Risk of cyber security
Risk of existence of vulnerabilities in IT to infrastructure of Bank which can bring to:
- To incorrect work, failures and unavailability of IT systems
- To date leak of Bank and other types of damage
You See Also
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |