ISO 9001:2015

CYBER SECURITY IN BANKING SECTOR

Mrs. Shalu Pareek

One of the most significant tools in the field of banking technology is cyber security. It aids in the security of information and is the world's greatest challenge today. Cyber security is nothing more than the protection of transactional data. As cyber thieves become more sophisticated, hacking not only online transactions but also the profiles of specific businesses and organizations, it is critical to scrutinize criminals solely through security measures. Governments and businesses are putting in place measures to combat cybercrime. Aside from numerous measures, the banking industry continues to be a major source of concern. ATM security, online database transactions, and other threats are key concerns in banking. As a result, the study focuses on the use of cyber security through ranking analysis, cyber incidents in the banking industry by percentage analysis, and the ways to address those concerns in the banking industry. As a result of the study's findings, banks must be vigilant of internet usage and email because cyber crimes continue to diverge along multiple roads as new technologies and applications are introduced, shedding light on cyber security challenges. There is no ideal answer for cybercrime because it is increasing every day, but banks should do all possible to reduce it in order to have a safe and secure future in cyber space.

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Keywords: Cyber, Crime, Technology, Security,  Andriod App.


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