Risk Analysis in Online Banking Systems
Kanishka Deshmukh - · International Journal For Multidisciplinary Research · 2024
The rise of online banking has brought significant convenience but also heightened risks of fraud. This paper explores the evolving landscape of cyber threats targeting online financial transactions. It examines various forms of fraud, including identity theft, phishing, and malware attacks, and discusses advanced detection techniques such as AI-powered predictive analytics and machine learning algorithms. The study highlights the importance of multi-layered security measures and provides a comprehensive analysis of how financial institutions can mitigate these risks. The findings contribute to a deeper understanding of cybersecurity strategies and their implementation in the banking sector.