Online banking in India: Attacks and preventive measures to minimize risk

This paper presents Online banking attacks, security analysis of Internet banking. Several modern models are evolving and being applied to many banking systems for preventing and detecting online banking frauds. However, they have no effective detection mechanism to identify valid users and trace their unlawful activities. Also they are not secure enough to prevent fraudulent users from performing fraudulent transactions over the Internet. This paper discusses the various types of online banking attacks and preventive measure to minimize the risk and to deal with these attacks.