Security Threats of Computerised Banking Systems (CBS): the managers' perception in Malaysia

Malami, Abu Bakar and Zainol, Zaini and Puat Nelson, Sherliza (2012) Security Threats of Computerised Banking Systems (CBS): the managers' perception in Malaysia. International Journal of Economics and Finance Studies, 4 (1). pp. 21-30. ISSN 1309-8055

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Abstract

Internal control system is an important pillar in an organisation. Considering the evidence from major accounting fraud cases that occurred consequence to weak internal control, such as Enron, it could also occur in a financial institution. Hence, the objective of this study is to investigate the bank managers’ opinion on the likelihood of security threats in the computerised banking systems (CBS) in Malaysia. Since most major financial institutions operate in the capital city of Kuala Lumpur, questionnaires were sent to almost all bank branches in Kuala Lumpur. The findings are expected to provide a platform for bank managers to share their threats’ experience. Secondly, to assist them in designing and formulating a sound and effective internal control system that will provide reasonable assurance for achieving the bank’s mission. Findings are also expected to provide general insights of internal control system, as most information is very remote and confidential, thus generate a platform for promoting an efficient and effective internal control practice in financial institutions.

Item Type:	Article (Journal)
Additional Information:	3886/25316
Uncontrolled Keywords:	Threats, Internal Control, CBS, Malaysia
Subjects:	H Social Sciences > HF Commerce > HF5001 Business. Business Administration H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Accounting
Depositing User:	Sherliza Puat Nelson
Date Deposited:	10 Aug 2012 08:27
Last Modified:	10 Aug 2012 08:27
URI:	http://irep.iium.edu.my/id/eprint/25316

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