The privacy issue on Internet is a controversial topic which bothers a lot of people. It is quite possible that the possible data could be deformed and exchanged or sold for illegal use behind somebody’s back. People still apprehend the world of gadgets. Many of us are still afraid to buy stuff online. What if the credit card number gets leaked?
Among the many security issues that now affect computer users, there is a growing threat within era of internet technology is known as "phishing". Online frauds in bank with phishing usually appear to come from a well-known organization and ask for your personal information such as credit card number, social security number, account number or password. In order for Internet criminals to successfully "phish" your personal information, they will almost always trick you to click a link that takes you to a web site where your personal information is requested. Legitimate organizations would never request this information of internet consumers via email. Internet frauds is the use of Internet services or software with Internet access to defraud victims or take advantage of them using email, web sites, chat rooms to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme.
• A relatively small number of ordinary consumers and merchants currently use or understand Bitcoin. However, adoption is increasing globally and tools and technologies are being developed to make participation easier. • It's the Internet, so hackers are threats to the exchanges. The Economist reported that a Bitcoin exchange was hacked in September 2013 and $250,000 in bitcoins was stolen from users' online vaults. Bitcoins can be stolen like other currency, so vigilant network, server and database security is paramount.
The consumers are the main the target of the banking industry. The consumers are becoming more involved in their financial decisions and it is an opportunity for the banking industry to promote the services and offers to them. In order to get the attention of the customers, they should be offered with the assurance of privacy and security. The people are increasingly having awareness of the acceptance of E-Banking in their financial
These activities include Money deposits, withdrawals, transfers, account management, applying for Financial Products, Loan Management, Bill Payments and Account Services. Consumer preferences have shifted to online and mobile devices, but the banking sectors had trouble shifting their on boarding experiences online and to smaller screens. In recent years, the banking industry around the world has been undergoing a rapid transformation. The deepening of information technology has facilitated better tracking and fulfilment of commitments, multiple delivery channels and faster resolution of issues. Today, customers presume highest quality services from banks which, if fulfilled, could result in considerably improved customer satisfaction levels.
Although server side solutions are effective but there is another problem in server-side anti-phishing solutions and that is not effective against web banners and fail when users rarely notice the absence and existence of these indications. The most of commercial organizations are using client-server structured
Despite the fact that computers have become an important part in the lives of individuals and institutions, computers have indirectly opened a way for the existence of new unethical behaviors and different methods to commit abnormal acts and crimes using computers. We need to acknowledge how to protect ourselves from different computer crimes by having a security awareness .In this chapter we will discuss four common computer crimes, they are: 1. cyber stalk 2. Internet fraud 3. identity theft 4. online piracy 8.1: Cyber stalk Cyber stalk is a constant monitoring and harassment to the victim by using electronic communication. For example, publishing false accusations that affect victim 's reputation, sending anonymous e-mails for the purpose of threatening or scaring the victim, and tracking the victim 's IP address. Cyber stalking is sometimes referred to as cyber harassment or cyber bullying.
But that time e-commerce was expensive because of its installing charges. With the usage of internet e-commerce grow rapidly because of its costs. HOW THE E-COMMERCE HELPFUL TO CONSUMER E-commerce allows the customer for faster and open process. E-commerce allows customers to take appropriate decision for purchase. E-commerce helpful to consumers by the following ways • Wide choices • Product can be purchased from remote areas • Allow greater control to
A number of banks are also targeting the wallet space, hoping to ensure that their transactions businesses (National Electronic Fund Transfer, or NEFT; Real Time Gross Settlement, or RTGS, and cards) are not captured by the m-wallet providers. Retention of customers is going to be another major challenge that is directly proportional to market share of banks. Technology has made it possible to deliver services throughout the branch bank network, providing continuous updates of customers accounts and rapid movement of money from stock transfers. However, this reliance on the network system has brought IT department’s extra burden and challenges in managing, maintaining and optimizing the productivity of retail banking networks. Illustratively, ensuring that all bank products and services are accessible, at all times, and across the entire workplace is essential for present days retails banks to generate profits and remain competitive.
It is generally believed that computers operations are precise and accurate however, the users could manipulate the system to their own advantage. It has been observed that the use of Computerized Accounting Information System has and is still imposing threats in Nigerian Banking Industries today. With the rapid computerization of Accounting using the computerized system, susceptibility to corruption and threats have also increased to banks and has caused serious losses (Gunawardana, nd.). Computerized crimes easily happen to Computerized Accounting Information System and these threats, though obvious cannot be easily defined. This research is targeted toward investigating these threats of Computerized Accounting Information System in the Nigerian Banking Industries.