E-BANKING RISKS AND SECURITY ISSUES
E-BANKING RISKS AND SECURITY ISSUES

Summary/Abstract: E-banking is a cost-effective way for the bank customers to communicate with their bank. Using e-banking, we can make online banking transactions, money transfer, electronic payments, banking consultancy and check balances 24 hours a day, 7 days a week. Despite these advantages, a considerable number of people still prefer the traditional form of banking, largely due to the concerns related to their transaction security. People worry also that their bank accounts can be hacked and accessed without their knowledge. In this paper we will present the main security risks and issues for customers but also for the banking institutions.

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