Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.14 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Online banking and financial transactions over the internet are becoming more and more common in today's digital age. But there are also new cyber security threats and challenges that come along with these luxuries. This study focuses on comprehending the weaknesses and difficulties that are directed at banking systems and consumer data and explores the challenges and risks associated with digital financial activity. The study closely goes through the available research and literature on cyber security in the banking industry in order to acquire ideas. It investigates typical cyber threats and their possible effects on the safety of banking systems and consumer data, including problems with confidentiality, integrity, and availability. This paper highlights how crucial security precautions like multi-factor authentication and encryption techniques are for boosting the safety of online banking platforms. Banks can improve system security and protect consumer data by putting these steps in place. The purpose of the findings of this research is to better understand the cyber security difficulties that the banking sector faces. The study also provides suggestions for enhancing the security of online banking and transactions.
Keywords:
Cyber security, cyber threats, multi-factor authentication, banking systems
Cite Article:
"A Study on Cyber Security Issues Affecting Online Banking and Online Transaction", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 5, page no.2188 - 2192, May-2023, Available :http://www.ijrti.org/papers/IJRTI2305214.pdf
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000205323
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator