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http://dx.doi.org/10.13089/JKIISC.2014.24.4.681

A Study on IT Outsourcing Policy Based on Operational Risks of Financial Industries  

Choi, Chang-Lai (Korea University, Graduate School of Information Security)
Yun, Jang-Ho (Korea University, Graduate School of Information Security)
Lee, Kyung-Ho (Korea University, Graduate School of Information Security)
Publication Information
Journal of the Korea Institute of Information Security & Cryptology / v.24, no.4, 2014 , pp. 681-694 More about this Journal
Abstract
For the continuous financial incidents occurred in 2011, Korean government has announced the amendment on electronic finance supervision regulation including human resources, organization and budget. The major part of the regulation is mainly focused on human resources and budget. It states that company has to employ at least 5 percent of IT staff out of total staff, and at least 5 percent of security staff in IT staff employment number. Budget for security should be at least 7 percent of total IT budgets. This paper studies IT outsourcing policy based on operational risks of financial industries caused by amendment of regulation. This paper provides the policy decision procedure for resolving the 3rd party problems and suggests the effective operation policy to 3rd party for the program quality improvement and case studies at the IT task classification.
Keywords
Electronic Financial supervision regulatory; IT Outsourcing Policy; Operational Risks;
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