A Comprehensive Review on Cyber Security and Online Banking Security Frameworks
Suneeta Mohanty, Sourav Sharma, Prasant Kumar Pattnaik, Ana Hol · Advances in information security, privacy, and ethics book series · 2023
The rapid growth of online banking and financial transactions has increased the risk of cyber threats and attacks on financial institutions. Cyber security and online banking security frameworks are essential in mitigating these threats and securing sensitive information. This chapter provides a detailed examination of the cyber security and online banking security frameworks utilized by financial institutions to safeguard their assets and clients. The study identifies common threats to online banking systems and discusses the various security measures that can be implemented to prevent these threats. The chapter also evaluates the effectiveness of existing security frameworks and proposes a comprehensive security framework that combines multiple layers of protection to enhance the security of online banking transactions.