DeviceLock for Basel II Compliance
Basel II (The International Convergence of Capital Measurement and Capital Standards: A Revised Framework1), is the second of the Basel Accords and poses minimum capital requirements. In line with the framework, financial companies must assess their operational, market and credit risks and form capital reserves to cover these risks. A portion of these requirements, which deal specifically with credit and market risks, were already addressed in the first Basel Accord. This paper analyzes the requirements of Basel II in terms of operational risks, the structure of these risks and their influence on a company's information infrastructure. Moreover, this paper addresses the opportunities afforded by DeviceLock, Inc.'s product DeviceLock, which can help banks minimize the operational risks that pose a threat to information security.