E-Business Management and associated risk mitigation of organizational resources have become a major challenge for the organizations in light of increasingly global and integrated digital economies. The authors' focused on information security in e-Business management. They consider, in particular, the domain of banking. The banking sector, being highly regulated, poses plethora of challenges in terms of compliance of organizational practices with regulatory standards such as Basel III, CobiT 4.1 and ISO17799. An automated compliance auditing solution to the existing manual auditing is highly desirable from management's standpoint due to considerable savings in cost and time.