The banking industry has undergone various changes in the way they conduct the business and focus on modern technologies to compete the market. The banking industry has started realizing the importance of creating the knowledge base and its utilization for the benefits of the bank in the area of strategic planning to survive in the competitive market. In the modern era, the technologies are adv...

Recently, a novel approach towards semi-quantitative IT security risk assessment has been proposed in the draft IEC 62443-3-2. This approach is analyzed from several different angles, e.g. embedding into the overall standard series, semantic and methodological aspects. As a result, several systematic flaws in the approach are exposed. As a way forward, an alternative approach is proposed which ...

Executive Summary/Abstract: Effective exchange of data between different systems is critical to the operational and reporting needs of most businesses. Organizations face various financial and operational risks when this exchange of data does not work appropriately. Addressing these risks requires an approach that considers multiple layers of an interface risk model: the process layer, the appl...

We present results from laboratory emissions markets designed to investigate the effects of price controls and permit banking on limiting permit price risk. While both instruments reduce between-period price volatility and within-period price dispersion, combining price controls and permit banking yields important benefits. Banking alone produces high permit prices in earlier periods that fall ...

Non-performing loans (NPLs) that turn into bad debt or dead loans are a problem for Italy's banking industry. To some extent, this is unavoidable. Previously, Italian banks have given the impression that their risk controls for loans are unsuccessful because the banks own a disproportionate amount of NPLs. These banks are now paying more attention to the management of these risks. (Vaidya, 2013...

Most organizations in all sectors of industry, commerce and government are fundamentally dependent on their information systems (IS) and would quickly cease to function should the technology (preferably information technology – IT) that underpins their activities ever come to halt [15]. The IT developments may have enormous implications for the operation, structure and strategy of organizations...

this paper describes the development of a fuzzy decision support system (fdss) for the assessment of risk in e-commerce (ec) development. a web-based prototype fdss is suggested to assist ec project managers in identifying potential ec risk factors and the corresponding project risks. a risk analysis model for ec development using a fuzzy set approach is proposed and incorporated into the fdss....