Practices, Challenges and Prospects of Informaiton Secuirty Policy in Ethiopian Banking Industry
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Date
2015-03
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Addis Ababa University
Abstract
Information is one of the primary assets of any organization. Thus in today’s business environment any organization depends on information and information technology. Information security has become the major concerns and challenges facing any organization.
Ethiopian banking industry is one of the rapidly growing industries in the country with the advancements of information technology. This thesis work assesses how Ethiopian banking industry’s information security and information security policy practices is.
This research answers the following research questions: how is the current practice of information security and information security policy in Ethiopian banks? What are the challenges in formulation, implementation and compliance of information security policy in Ethiopian banks? What are the future prospects of Information security policy in Ethiopian banks?
Assessing the practices of information security and identifying the challenges of information security policy helps the banking industry to formulate and implement their information security policies efficiently and effectively. It will also help to inspire researchers on the study area.
For the purpose of the research qualitative type of research is selected. Both primary and secondary data are used. Primary data is collected through interviews and the researcher’s observations and secondary data is collected from journal, Internet, published statistical resources, bulletins etc. 11 banks are chosen for the study including National Bank of Ethiopia.
Managements lack of awareness, lack of industry best practices and standards in the country, lack of professional in the area are among the major challenges Ethiopian banks faces
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Ethiopian Banking Industry