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@article{171471,
        author = {Hardev Kaur},
        title = {CYBER CRIME IN BANKING SECTOR : A STUDY RELATED TO INDIAN PERSPECTIVE},
        journal = {International Journal of Innovative Research in Technology},
        year = {2024},
        volume = {11},
        number = {8},
        pages = {45-53},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=171471},
        abstract = {Growth of Information technology has completely changed the every sphere of people life, work, communicate, shop, and entertain. With the emergence of advanced technologies, everything is just a click away. The banking industry is not a exception in digital age. Long queues, endless paperwork, and time consuming banking tasks have now become a thing of the past. Now banks have been able to offer personalized services to their customers, automate tasks that were once manual and time consuming, and even reach new customers in remote areas. Modern Banks now becomes tech savvy. Foundation for induction of computer technology in Indian Banking sector was laid by Dr. Rangarajan Committee's two reports in the years 1984 and 1989. Both the reports had strongly recommended computerization of banking operations at various levels and suggested appropriate Infrastructure . The number of customer base has also increased because of the convenience in 'Anywhere Banking. As the old saying goes, “there are two sides to every coin.” in same way it also gives rise to some serious growing issue in the form of cyber crime that can have significant financial and reputational consequences. Higher digitization and remote operations lead to increased vulnerabilities and open up opportunities for cyber criminals, exposing banks to breaches or hacking. Around 3 Lakh cyber crime incidents were reported in the year 2020. This paper mainly focuses on banking frauds in India, types of cyber fraud in banking transaction, hardship faced by cyber victims and techniques to avoid most of the banking fraud.},
        keywords = {Automate, Personalized, Infrastructure, Digitization, Exposing},
        month = {December},
        }