Communications of the IIMA


This paper is the latest component of a research project conducted by the authors over a three-year period. The first phase emphasized the privacy policies of global banks and other businesses engaged in E-commerce. Over 600 individualized web-sites were visited and evaluated. This, the second phase of the research project, focuses on the security policies in place for global financial institutions. The purpose of this research study is to review, compare and summarize the security policies of global banks as they are expressed on their web sites. A total of over 300 web sites of global banks were included in this phase of the study. The study was conducted during the month of June, 2005. This paper reports on the results of a total of 180 banks representing Europe (40), Australia (20), Asia (60) and the U.S. (60).