A STUDY ON CYBER SECURITY ISSUE AFFETING BANKING AND ONLINE TRANSACTIONS
Author(s):
M SRAVIKA
Keywords:
Information Technology, cyber crimes, cyber attacks, mobile banking, online banking, National Crime Record Bureau, hacking.
Abstract
In the era of globalization Internet banking or online banking has revolutionized integral activity of our modern twenty first century. The man developed various ways for communication to the exchange of information, ideas and knowledge which is of great importance to him as a social being. The evolution of e-banking technology makes the task very easy, banking transactions becomes very fast within a click. Online and mobile banking make daily banking fast and convenient. The misuse of information technology in the cyber space is clutching up which gave birth to cyber crimes at the national and international level. The percentage of risks and the challenges associated with it is increased. However online and mobile banking is never 100 per cent safe. The purpose of this research paper is to review cyber attacks. In this paper we focused on cyber crimes related to online banking and new tricks and techniques used by hackers. The study totally based on the secondary data. The findings of this research paper shows that the IT usage and cybercrime related to online banking in India are on the rise. Majority of the cybercrimes have been committed by young people in the age group 18-30and are male gender. Our law enforcement agencies need to be adequately equipped to overcome and prevent the cyber crime. Finally researcher has given some suggestions for the prevention and safety use of online banking services.
Article Details
Unique Paper ID: 153807

Publication Volume & Issue: Volume 8, Issue 8

Page(s): 58 - 63
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