Online Banking

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Online Banking

Online Banking


Internet is the main tool for e-business. E-transaction is made faster by Internet. With the increase of e-transaction internet fraud or e-business fraud is increasing. Credit fraud in the banking sector is a growing concern. Few sort of card (debit/credit) fraud is decreasing by providing detection and prevention system from banks and government. But card-not-present fraud losses are increasing at higher rate because of online transaction as there is no chance to use Chip and PIN as well as card is not used face-to-face. Card-not-present fraud losses are growing in an un-protective and un-detective way. This paper seeks to investigate the current debate regarding the credit fraud in the banking sector and vulnerabilities in online banking and to study some possible remedial actions to detect and prevent credit fraud. The research also reveals lots of channels of fraud in online banking which are increasing day by day. These kinds of fraud are the main barriers for the e-business in the banking sector.


Credit Fraud, On-line banking, Internet, Ebusiness, and so on.


E-business is the important applications of Internet. Internet is the main tool for e-business and banks have changed their business model with the help of internet. Banks extended their facilities via online and thereby etransaction has increased rapidly in the banking sector. The growth of on-line transaction gives a tremendous opportunity to banks and consumers. But credit fraud detection and prevention system in the banking sector is still remained unsecured. Banking represents the mirror of economy; fraud brings huge losses that shock all the performing activities. Internal banking fraud constitutes an aggressive presence in this sector. Therefore, temptation is ever growing and circulating throughout the entire banking system. The size of e-fraud was very small in the very beginning of e-banking activity. Though the banking system is one of the most rigorously regulated sectors to prevent fraud to operate. Bank professionals can detect potential internal fraud. Security awareness can bring about behavioural change, reduces employees' vulnerability, and protects against potential threats of fraud. Banks should protect all the sensitive data providing strong detection system by using Internet Technology and also adopting fraud awareness programme. So with regard to Internet, main important issue is security [1]. Anti-virus and anti-spyware programmes, firewalls and some other methods try to achieve enhanced security.


In order to have a better understanding of the whole process of Credit Fraud and fraud detection in the Banking sector, we carried out a comprehensive review of the principal themes in the literature [3], [4], [5], [6], [7], [8], [9], [10], [1]. Taking these works as references, we can define the concept of credit fraud (CF) in on-line, as the process of creating and making a clever understanding between buyers (consumer) and sellers (false e-retailer) / efraudsters or clients through on-line activities that exchange a false ideas and offer a big winner that make clients to be a victim of fraud.

Credit Fraud

Fraud is a special kind of human behaviour that is related to cheating, stealing, misunderstanding, misrepresenting, ...
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