Risk Analysis in Online Banking Systems

Author(s)	Kanishka Deshmukh
Country	India
Abstract	The rise of online banking has brought significant convenience but also heightened risks of fraud. This paper explores the evolving landscape of cyber threats targeting online financial transactions. It examines various forms of fraud, including identity theft, phishing, and malware attacks, and discusses advanced detection techniques such as AI-powered predictive analytics and machine learning algorithms. The study highlights the importance of multi-layered security measures and provides a comprehensive analysis of how financial institutions can mitigate these risks. The findings contribute to a deeper understanding of cybersecurity strategies and their implementation in the banking sector.
Keywords	Cybersecurity, Online Banking, Risk Mitigation, Cyber Threats, Encryption, Multi-Factor Authentication, Financial Institutions, Fraud Detection, Risk Analysis.
Field	Sociology > Banking / Finance
Published In	Volume 6, Issue 3, May-June 2024
Published On	2024-06-21
Cite This	Risk Analysis in Online Banking Systems - Kanishka Deshmukh - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.21892
DOI	https://doi.org/10.36948/ijfmr.2024.v06i03.21892
Short DOI	https://doi.org/gt2cbr

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