Major Areas of Cyber Bank Fraud and Techniques of Prevention with reference to Artificial Intelligence
Apurva Banerjee, Maryam Ishrat Beg · Zenodo (CERN European Organization for Nuclear Research) · 2023
Abstract: Banks are the mainstay of any country’seconomy but at present cybercrimes are increasing and hampering banks as well as the economy of the nation. As the number of transactions and the users of cyber technology are increasing, so are cybercrimes and frauds. These cyber frauds and crimes provide humongous losses to banks not only in money but also in reputation, and banks lose money and customer both. This study provides a methodical exploration of cyber fraud in the banking sector and suggests redressal for that. Measures that are suggested for prevention from cybercrimes are technical as well as non-technical. The use of artificial intelligence is also exhibited in the research paper as well as some other techniques are mentioned in the paper. Keywords: Artificial Intelligence, Bank, Cyber, Financial, Fraud, Transactions