Preview
Preview

Essay about Wire and Online Banking

No Works Cited
Length: 519 words (1.5 double-spaced pages)
Rating: Orange      
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1. INTRODUCTION:

Today’s society is totally dependent on automated financial services such as wire and online banking. During the recent years, we are hearing that the fraud has evolved in wire and online banking fraud, many new types of mal-ware being deployed on those banks which have yet to put robust solutions. While online banking fraud has been around for many years, very few cases has been filed .Reports of fraud cases nearly explode and banks are looking for ways to protect their channel in online banking. Most schemes of online banking fraud which involves two steps. Initially the criminal obtains the customer's account access data, which involves logon name and password. The next step the criminal uses this information for money transfer to other accounts and withdrawals the funds. All such fraud cases are approached and many prevention measures are about to implement throughout the world.


2. WHAT HAPPENED IN THE PAST:

Intruders are using some new techniques such as malware activities to undergo wire banking frauds. A ...


Click the button above to view the complete essay, speech, term paper, or research paper








This essay is 100% guaranteed.


Title Length Color Rating  
Online Banking Fraud Suffers Increase Essay - A. Presentation of the issue Online banking is a service that many modern banks provide now a day and with the passage of time more and more people are using this service (Anonymous, 2010) due to the commodity and convenience of doing payment transactions (Lanham, 2008) directly from their homes instead of going to an actual bank (Ponemon, 2005). However as the number of credit cards used to make transactions on the internet increases also does the number of people that fall into frauds and phishing scams made to obtain their private information (Unknown, 2010)....   [tags: Finance]
:: 6 Works Cited
975 words
(2.8 pages)
Better Essays [preview]
Essay on Bank Accounting Information System And Electronic Banking - Bank Accounting Information System And Electronic Banking Introduction      Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999). An information system is a set of interrelated subsystems that work together to collect, process, store, transform, and distribute information for planning, decisions making, and control....   [tags: Finance Bank Banks Banking Essays]
:: 12 Works Cited
4502 words
(12.9 pages)
Powerful Essays [preview]
Virtual Banking Essay examples - TABLE OF CONTENTS 01.00............ EXECUTIVE SUMMARY 02.00............ TRENDS IN RETAIL BANKING 03.00............ ABOUT THE INTERNET 04.00............ VIRTUAL BANKING AND APPLICATIONS 04.01............ SMART CARDS 05.00............ EXAMPLES 06.00............ SECURITY ON THE INTERNET 06.01............ CRYPTOGRAPHY 06.02............ FIREWALLS 06.03............ TRUSTED OPERATING SYSTEMS 07.00............. REGULATIONS AND PROBLEMS 08.00............ CONCLUSION . 09.00………. REFERENCES 01.00 EXECUTIVE SUMMARY The Internet is emerging as an efficient delivery channel for financial services....   [tags: essays research papers] 1742 words
(5 pages)
Strong Essays [preview]
Ethical Analysis of Online Gambling Essay - Ethical Analysis of Online Gambling Introduction Open up your email over a long weekend and you’ll likely find a plethora of online casino advertisements. “Welcome Bonus up to $150 free!” Ask the traditional land based casino gambler on whether he would gamble online and his first reaction would likely be “Are you nuts?” When gambling at land based casinos, games are likely to be fair because the consequences of cheating by casino operators are disastrous. Casinos found to offer rigged games will lose their gambling licenses permanently....   [tags: Gamblers Addictions Essays]
:: 19 Works Cited
3814 words
(10.9 pages)
Powerful Essays [preview]
Essay on The Impact of Online Banking on Bank Operations - Bank net India (2006) conducted “An online survey on 316 ATM users” survey is limited to India to get insight into users‟ perceptions. It is concluded from the survey that the most use (56%) of ATM services is for bill payments and pre-paid mobile recharge where 64% respondents feel comfortable with depositing cash/cheque through ATM but they have to wait in long queues and find no money left in the machine Sakkthivel A.M. (2006) Providing a specific focus to identify the impact of demographics in influencing Indian Internet users in consuming different services online....   [tags: E-banking, Sharma, Sakkthivel]
:: 36 Works Cited
2085 words
(6 pages)
Strong Essays [preview]
Nexity And The U.S Banking Industry Essay - 1. The chief economic characteristics of the online banking industry for those using only Internet banking the leading factors that affect their decision of banking online are security, convenience and rates. With regards to the economic characteristics the main difference with online banking is that the rates tend to be higher for those companies that only offer Internet banking and no branches. Some of the other economic characteristics might be that all the banks are beginning to offer online banking, which makes it easier to conduct different types of transactions such as bill payment; money transfers and keeps track of your accounts individually....   [tags: Economics Online Banking] 932 words
(2.7 pages)
Strong Essays [preview]
The Influences of Online Banking on Economics Essay - ... Furthermore, individuals can any kind of product in spite of its price and amount such as vegetables from market or Television from technology store. Another reason why online banking convenient is due to people who have family or friends in another country can send money to their relatives without any difficulties from every point of world to the another point and by getting date of exchange rate. Secondly, people can manage their accounts online. Online banks allows people set up settings such as alerts which banks can inform when their balance is low or setting different accounts such as saving, expenditure and even retirement accounts....   [tags: innovation, access, convenient] 713 words
(2 pages)
Research Papers [preview]
Online Banking Essay example - Online Banking: How Technology has Affected the Bank Industry Aluscine Kabia Diana Mickle Jennifer Ross Betty Tekeste University of Phoenix COM525: Managerial Communication and Ethics Edward L. Dempsey March 14, 2005 Modern technology has set the stage for today’s industries to adopt faster, more effective and efficient tools to improve their business and productivity. A vast majority of organizations within various industries are using new technology to introduce changes to their business operations....   [tags: essays research papers] 1978 words
(5.7 pages)
Powerful Essays [preview]
Internet Banking Essay - Internet Banking In the days of virtualisation where working mothers and travelling sales-team prefer to use flexi-time and remote jobs profile; Internet is being adopted as a parallel medium of communication, transaction, and social networking. Internet banking is fast gaining momentum across the globe for its convenience and ease of conducting transactions at a speed and service levels never dreamt of, a decade ago. In-spite of its multiple advantages, there is a need to step back and re-think on perceptions it carries with the masses....   [tags: Internet Global Finance Banking] 1396 words
(4 pages)
Strong Essays [preview]
E-Banking Essays - Would E-Banking really be the right route to take in achieving success in the future. This report lays out concrete facts and unique opinions that will help you understand and determine what the right decision for your business is. This report covers the development of internet banking in the UK, the importance of System Development and Analysis, a report on the current student banking market, discussing the fundamentals of present laws and legislations and finally the value of protecting yourself, but most importantly, your customers with relevant security issues....   [tags: Internet Banking Research Paper Analysis] 1648 words
(4.7 pages)
Strong Essays [preview]