Highlighting the Vulnerabilities of Online Banking System

Khrais, Laith T.

doi:10.4172/1204-5357.1000120

Cited by 20 publications

(15 citation statements)

References 8 publications

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“…As is apparent from the previous section, the user-friendly interface encourages people to adopt independent online/ mobile banking (Khrais 2015;Raitani & Vyas 2014). The convenience of accessing a bank account at any time in order to track and administer finances might simplify the maintenance of private bank accounts.…”

Section: Simplification Of Bank Account Maintenancementioning

confidence: 98%

“…While the service intensity varies based on salary level and the use of services, the philosophy of banks does not differ from the traditional customer concept of 'customer is king' (Seidel & Liebetrau 2015). However, accomplished with the userfriendly interface of Web 2.0, online banking together with the 'do-it-yourself' mentality that is rewarded with no consulting costs has become a popular alternative to traditional face-to-face banking (Khrais 2015;Laforet & Li 2005). Particularly for basic transactions, more and more customers are making use of online banking or mobile banking, which is being rapidly pitched by banks offering online banking websites and mobile banking applications with user-friendly interfaces (Khrais 2015;Raitani & Vyas 2014).…”

Section: Improvement Of Banking Skillsmentioning

confidence: 99%

“…However, accomplished with the userfriendly interface of Web 2.0, online banking together with the 'do-it-yourself' mentality that is rewarded with no consulting costs has become a popular alternative to traditional face-to-face banking (Khrais 2015;Laforet & Li 2005). Particularly for basic transactions, more and more customers are making use of online banking or mobile banking, which is being rapidly pitched by banks offering online banking websites and mobile banking applications with user-friendly interfaces (Khrais 2015;Raitani & Vyas 2014). On the one hand, banks might reduce the consulting efforts required for basic transactions, and on the other hand, customers will gain more confidence concerning independent banking, therefore, improving their banking skills.…”

Section: Improvement Of Banking Skillsmentioning

confidence: 99%

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Mobile banking in South Africa: A review and directions for future research

Chigada

Hirschfelder

2017

S. Afr. j. inf. manag.

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Background: The purpose of this study was to review existing research on mobile banking diffusion and investigate the adoption of mobile banking in sub-Saharan Africa (SSA).Objectives: Based on the failure of the M-Pesa in South Africa, this article also attempted to determine why mobile money service systems are difficult to apply transnationally.Method: This was a literature survey, analysing mobile money literature during the period 2006–2016. Because of the current explosiveness of mobile money in SSA, the focus of this literature survey was limited geographically to South Africa, Zimbabwe and Kenya.Results: The results of the literature survey and the real-world examples mainly show that a transnational application of mobile money service systems is difficult to implement.Conclusion: This research elucidates the demand and need for mobile money service systems in SSA while underlining the explosiveness promoted mainly by rapid technological progress.

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Section: Simplification Of Bank Account Maintenancementioning

confidence: 98%

Section: Improvement Of Banking Skillsmentioning

confidence: 99%

Section: Improvement Of Banking Skillsmentioning

confidence: 99%

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Mobile banking in South Africa: A review and directions for future research

Chigada

Hirschfelder

2017

S. Afr. j. inf. manag.

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“…Integrity, which means the information cannot be modified by third unauthorized parties; and non-repudiation, which means, any online transactions carried out by two or more persons cannot in any way be denied by any of the parties involved [17]. All banking identification and authentication procedures may be grouped according to their tendencies resist major forms of attack such as offline credential stealing attacks, online channel breaking attacks and content manipulation (Man-in-the browser) [18]. This research focuses on designing a new online security framework that solves the issues of authenticity, confidentiality, integrity and nonrepudiation in an e-banking system.…”

Section: Introductionmentioning

confidence: 99%

Improved Online Security Framework for e-Banking Services in Nigeria: A Real World Perspective

Sarjiyus

Oye

Baha

2019

JSRR

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Internet technology has given Banks the opportunity to provide customers robust, convenient and flexible banking services including, but not limited to fund transfers, account checking and payment of bills. Despite these huge benefits, e-banking has given rise to so many security concerns arising from countless threats. The rise in security threats against e-banking has caused a decline in the use of online banking and has negatively affected customer confidence in the ability of banks to protect their money and information and are looking up to the banks to fix the problems. This research, Improved Online Security Framework for e-banking services is geared towards developing an improved security framework that solves the issues of authentication, confidentiality, integrity and non-repudiation as it pertains to online banking attacks. Data was collected from primary and secondary sources ranging from interviewing relevant stakeholders that use internet banking to consultations of related journals articles and technical reports. Design and modeling tools such as UML usecases, Entity relationship (E-R) diagrams, process flow modeling and MySQL for a robust database design were used to capture basic system functionalities and artifacts required. The entire design was implemented on Visual studio platform. Upon running and testing on a XAMPP server, the system was found to meet all design objectives and operationally effective.

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“…Nowadays the financial institutions have obviously adopted the advantage of the internet or other electronic channels to provide accurate and reliable services (Omariba et al, 2012;Malami et al, 2012;Khrais, 2015). Nevertheless, there has been frequently updated news regarding various patterns of cybercrime causing abundant individual or financial institution's losses.…”

Section: Introductionmentioning

confidence: 99%

A Study of Success Factors of Principle and Practice in Information Technology Risk Management

Maneerattanasak¹,

Wongpinunwatana²

2017

Proceedings of the 32nd International Academic Conference, Geneva

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The purpose of studying the success factors of principle and practice in Information Technology Risk Management (ITRM) is initiated from the proposition that appropriate ITRM principle and practice can mitigate IT risks and losses which is a result of security threats. The literature showed that various general principles and frameworks are widely published but the established principle cannot be put into the practice. Additionally, there is a research study regarding the difficulty to maintain independent in identifying, reviewing and reporting tasks of IT risk and internal audit functions. The methodology consisted of the review of general principles and frameworks' documents and the interview from case studies. The general principles and frameworks in this research collected from the question "Which principles and frameworks are applied to ITRM in your organization?". The question was asked to people in IT risk and IT internal audit functions from banking organizations and other industries which advanced information technologies IntroductionNowadays the financial institutions have obviously adopted the advantage of the internet or other electronic channels to provide accurate and reliable services (Omariba et al., 2012;Malami et al., 2012;Khrais, 2015). Nevertheless, there has been frequently updated news regarding various patterns of cybercrime causing abundant individual or financial institution's losses. Security threats are events that damage the information system resources or reduce the confidentiality, integrity and availability of information (Geriè and Hutinski, 2007). The proposition in the study is an appropriate Information Technology Risk Management (ITRM) principle and practice can mitigate IT risks and losses which is a result of security threats.From our review, several ITRM principles and frameworks have been developed and updated by various well-known professional associations and organizations. Nevertheless, there were some issues in the adoption of those principles and frameworks into the practice (Bandyopadhyay et al., 1999;Suh and Han, 2003;Pereira and Santos, 2012;Shameli-Sendi et al., 2015;Agrawal, 2016).Furthermore, another issue was that the fast developed principles and frameworks cannot be effectively practiced in real circumstances (Gelbstein, 2016).As a result, the study of ITRM practice seems to be essential and contributed to an organization to acknowledge the success factors for appropriation in the ITRM principle and practice. The organization of this paper starts with introduction. The theoretical background is explained followed by the research methodology. Subsequently, the research results are explained. The success factors from reviewing documents and the interviews were compared as a triangulation in analysis and interpretation. Finally, the conclusion and suggestion for future work are described. Theoretical BackgroundAccording to the review of relevant documents, there are several ITRM principle and framework Research MethodologyWe designed the methods t...

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Highlighting the Vulnerabilities of Online Banking System

Cited by 20 publications

References 8 publications

Mobile banking in South Africa: A review and directions for future research

Mobile banking in South Africa: A review and directions for future research

Improved Online Security Framework for e-Banking Services in Nigeria: A Real World Perspective

A Study of Success Factors of Principle and Practice in Information Technology Risk Management

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