Key Information

inSight
Speeches
Speeches by Speaker
Norman T.L. Chan
Peter Pang
Eddie Yue
Arthur Yuen
Zeti Akhtar Aziz
Raymond Li
Edmond Lau
Esmond Lee
Meena Datwani
Vincent W.S. Lee
James Lau
Joseph Yam
Y K Choi
William Ryback
David Carse
Tony Latter
Andrew Sheng
Hans Genberg
Simon Topping
Michael Taylor
The Honourable Donald Tsang
Chen Yuan
Dai Xianglong
Don Brash
Jaime Caruana
Andrew Crockett
Mario Draghi
David Eldon
Stanley Fischer
Timothy F. Geithner
Stephen Grenville
Kenneth G. Lay
William McDonough
Ernest Patrikis
Glenn Stevens
Jean-Claude Trichet
Tarisa Watanagase
Zeti Akhtar Aziz
Carmen Chu
Alan Au
Press Releases
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
Press Releases by Category
Bogus Voice Message Phone Calls
Banking in Hong Kong
Fraudulent Websites, E-mails and Telephone System, and other fraud cases
Granting of Banking Licences
Exchange Fund
Table of Multiples of Notes and Payments for Allotted Amount under non-competitive tender
Table of Multiples of Notes and Payments of Application Amount under non-competitive tender
Tender of Exchange Fund Bills and Notes
Tender Results of Exchange Fund Bills and Notes
Tentative Issuance Schedule for Exchange Fund Bills and Notes
Appointments and Departures
HKMA Pay Review
HKMA Publications
Speeches
The Hong Kong Mortgage Corporation
Hong Kong Note Printing Limited
Hong Kong Institute for Monetary Research
Exchange Fund Investment Limited
Others
Hong Kong Financial Infrastructure
International Relations
Investment Products Related to Lehman Brothers
Monetary Policy
Notes and Coins
Renminbi business
Credit Card Lending Survey
Monetary Statistics
Residential Mortgage Survey
Year 2000
Others
Guidelines and Circulars
Guidelines
Circulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
515.5995

Guidance Note on Management of Security Risks in Electronic Banking Services

Our Ref :
B9/29C

6 July 2000

The Chief Executive
All Authorized Institutions

Dear Sir / Madam,

Guidance Note on Management of Security Risks
in Electronic Banking Services

I enclose a copy of the captioned Guidance Note which the Hong Kong Monetary Authority ("HKMA") has developed for your reference.

The main purpose of this Guidance Note is to provide senior management of authorized institutions ("AIs") with recommendations on the key principles and sound practices in managing the security risks in transactional electronic banking ("e-banking") services delivered through the internet and/or wireless communication networks (e.g. mobile phones). It should be stressed that, given the rapid pace of technological development, the Guidance Note is not intended to lay down mandatory requirements or minimum standards, but to assist AIs in implementing appropriate measures to manage the security risks in transactional e-banking services. The recommendations in this Guidance Note are therefore advisory in nature and therefore have a different status from those contained in formal guidelines issued under the Banking Ordinance.

In developing this Guidance Note, the HKMA has consulted the two industry Advisory Committees as well as the Study Group on Electronic Banking. The latter is an informal group established by the HKMA to advise it on the latest technological and industry trends on e-banking developments. It comprises representatives of banks, practitioners in IT, telecommunications and the internet service industry.

It should be noted that while this Guidance Note is intended mainly for internet-based or mobile e-banking services, many of the principles and recommended sound practices regarding proper security risk management would also be applicable to AIs' information websites, online stock trading, or e-banking services delivered through other electronic channels.

Should you have any questions relating to the Guidance Note, please contact Mr Brian Lee at 2878 1651 or Mr Raymond Suen at 2878 1817.

Yours faithfully,

(D T R Carse)
Deputy Chief Executive

Encl.

c.c.
Chairman, The Hong Kong Association of Banks
Chairman, The DTC Association
Chairman, Securities and Futures Commission

Attachment
Guidance Note
Annex 1
Annex 2
Annex 3

Last revision date: 1 August 2011
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Information in Other Languages (Bahasa Indonesia, हिन्दी, नेपाली, ਪੰਜਾਬੀ, Tagalog, ไทย, اردو)
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery