The Security Of A Bank Transaction, Online Shopping Or...

ABSTRACT Whether it be transferring of funds, making a bank transaction, online-shopping or booking flight tickets on our mobile app, these things have never been so quick and hassle free as today. Evolution of banking sector has been phenomenal. Moreover, the present, ever expanding, inculcation of digital technology has accommodated, within its premise, a further lag in analyzing the consequential stakes. A common practice of espionage targets both banking institution as well as its customers. Strikingly, the frontier between the different security threats are fuzzy, either due to the complexity of domain or the ever-increasing customer base. The banks are governed by some regulations and policies, yet it does have a scope for the well-equipped sophisticated fraudsters to function with seeming impunity. Besides, the complexity that governs these frauds is even more baffling. A bank fraud can cause notable damage at an unprecedented scale, be it to an individual customer or the complete organization. Over and above, today a bank fraud cannot be claimed as furtiveness and anonymity are apparent rewards of choosing Internet as the base platform. Every niche of our socio-economic environment is technology dependent which proportionately increases the vulnerability of the entire plot to frauds. Threat such as breach of certitude necessitates constant awareness and diligence for mitigating and preventing unseen frauds. Definitely we cannot suppress these frauds but theirShow MoreRelatedAir Asia Marketing Plan17846 Words   |  72 Pageswhich is expected to be operational by end 2011. [1] AirAsia focuses on high frequency and h igh turnaround of flights, both of which add to customer convenience and greater cost efficiencies. Its turnaround of 25 minutes is the fastest in the region. 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