Preliminary communication
THE IMPORTANCE OF THE CRITERIA IN RISK ASSESSMENT IN FINANCIAL INSTITUTIONS
Darko Palačić
Abstract
Risk assessment is the foundation for determining the required protection measures intended to protect financial institutions from break-ins and assaults. Risk assessment is used in the structuring and management of the security system in financial institutions. The selection of the risk assessment criteria and the determination of their importance are the conditions for efficient method of risk assessment and the selection of best protection measures. The paper presents the empirical study of risk assessment criteria and of their importance. The paper's specific contribution is the definition of the importance and validity of each individual criterion, facilitating the application of the quantitative method of risk assessment in financial institutions. The introduction of a security management system is of paramount importance for the operation of financial institutions.
Keywords
financial institution; risk assessment; security; criteria importance
Hrčak ID:
18170
URI
Publication date:
20.12.2007.
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