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Complete 46 pages APA formatted article: Security risks to on-line banking and e-commerce.
Complete 46 pages APA formatted article: Security risks to on-line banking and e-commerce. The global nature of the Internet has opened many back-doors for fraudsters and hackers and has provided every mean for them in creating new modes of frauds and similar behaviours. However, the objective behind such efforts could be varied from profit-making scams to the simple proving of their ‘talent’ by breaching a system. Well, what ever the motive might be, the expenses are massive for any company.
Today, due to open nature of Internet, many online criminal communities and groups have been formed, hence, providing criminals easy way for not only getting ‘tips’ for their unhealthy activities but also ‘hints’ for their new innocent targets. The cyber-criminals use these forums to gain information on vulnerabilities for existing as well as new security and risk-management policies and formulate their criminal strategies.
Such cyber-crimes are always going to exist, as long as companies and people continue to exchange valuable data over the Internet, theft and other forms of online fraud will proceed to grow. It was reported in . the Digital Resolve (2008) that Any company — including those in the financial services, brokerage, e-commerce, insurance, government and gaming industries and are . invested in protecting online accounts and communications needs to take swift action and prepare for the worst case scenario. But when, there is a will, there is a way. of course, we cannot prevent cyber-crimes from occurring but we can make the criminals efforts worthless.
