A Study of Advancing E-Banking and Cybersecurity for Digital Enterprise Transformation in Pakistan
Tansif Ur Rehman · Advances in information security, privacy, and ethics book series · 2021
In this technological era, almost all renowned banks have equipped themselves with the latest technology significantly pertinent to enhance their services and have provided e-banking facilities to their customers. Nevertheless, cybersecurity has been the focus of many organizations. Banks are offering more facilities to facilitate their customers with ease and convenience regarding e-banking. However, in Pakistan this is not the case. As people still refrain from using e-banking in Pakistan because of various issues, the e-banking sector has exponentially grown in the last decade. It has more chances of growth as enterprises such as banks still encourage clients to carry out e-transactions, like utility bill payments, access to account information, and money transfer. During this process, cybercriminals attempt to steal customer data and hack their online sessions. With regards to e-banking fraud, digitization has caused a revolution. Cybercriminals have employed various tools to steal crucial information through identity theft, trojans, viruses, and phishing.