The Operational-Technological Risk and its Impact on the Status of a Contemporary Banking Institution

Abstract

The article is aimed at identifying peculiarities of the concept of «risk of banking activity» and classification of threats to a banking institution in the context of a group of the operational-technological risks, which are able to actively influence the financial condition and business reputation of a bank. An analysis and an evaluation of the classification of risks of banking activity in accordance with international and national regulations are carried out. The recommendations on optimization of determination of the risks which are assigned to the operational-technological group are elaborated. A characterization of the basic factors influencing operational-technological risks of activity of financial institution is presented. The dynamics and main types of control over cyber threats are described. The basic types and components of cybernetic attacks on the software of organization are defined. The main directions on improvement of detection and estimation of operational-technological risks on the basis of methods of stress-testing of banks are allocated. The value of the article consists in updating the approaches to classifying risks and finding ways to obtain more accurate results regarding the bank’s financial condition.

Keywords

• risk
• operational-technological risk
• cyber threats
• cyberenvironment
• stress testing