Security risks to on-line banking and e-commerce
... risks to on-line banking and e-commerce
In last few years, the Internet has made an immense revolution in the field of e-commerce and has introduced a number of electronic, online services in corporate and retail banking industries. But with this rapid growth, a number of risks are exposed to the online services, this is due to several reasons; the ubiquitous and global nature of electronic networks, the incorporation of legacy systems in e-banking platforms, reliance of banks on third party ISPs, and that is just to name a few.
Though, the Internet has made it possible for businesses to carry out their activities in a more efficient and cost-effective manner but at the same time, it has proved to be...