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Electronic Safety and Soundness

Securing Finance in a New Age


This publication discusses the key factors necessary to foster a secure electronic environment and establish sound international financial systems. It defines electronic finance and electronic security (e-security), reviews the emerging global security industry, and develops a risk management framework regarding tradeoffs and risks inherent in using an open network infrastructure (including examples with respect to technological innovations, privacy, quality of service, and security in the design of an e-security policy framework). It also outlines key issues regarding the legal, regulatory, and enforcement framework; external and internal monitoring of e-security practices; public-private sector co-operation; and the business case for practicing layered e-security.

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