The paper provides a survey research report on the information security and communication management disciplines within the scope of Web Banking. The benefits and uses of information and communication approaches were examined to determine their influence on the effective management of web banking security risks. Information and communication approaches have not changed the structure of security management, but have enabled new forms of employees’ collaboration and provided higher and more efficient project task productivity as defined by the survey. Achieving the required level of security management requires an effective communication policy, security awareness and control and measures tailored to the new organizational needs based on rapid web banking technology.