Online Banking Security
Security on the Web - What are the Key Issues for Major Banks?
Abstract
The age of digital technology - email, Web-driven high-speed communication and information, online commerce, and more - has been in place now for several years, and has been touted as a "revolutionary" technological breakthrough, and for good reason: This technology presents enormous new business opportunities. For example, by moving the key element of marketing and sales from local and regional strategies onto the global stage, and by providing dramatically improved customer convenience, the Web offers medium, small and large companies - including banks - unlimited growth potential.
That having been said, ...
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to security for their customers who chose to use online services.
Introduction
The Internet's History: Before there could be online banking, of course there needed to be an Internet, and a World Wide Web. The story of the Internet begins shortly after the Soviets jolted the American scientific community by successfully launching the satellite Sputnik, in October, 1957. President Dwight Eisenhower quickly established the Advanced Research Projects Agency (ARPA) within the defense department, to bring together the best scientific minds in an attempt to counter the Soviets' technological breakthrough (not necessarily, as some reports have suggested, to ward off a nuclear attack). According to the Web site www.ibiblio.org (Internet Pioneers, 2004), the ARPA launched the ARPANET, later to become a computer-linked network for scientists and military experts.
From those early origins of the Internet development, Bob Metcalf (in 1973) invented Ethernet, and the mouse shortly ...
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are serious security breaches being reported, and while some customers are victims of online theft, other customers, justifiably, are extremely nervous. This paper will report on the various ways in which personal bank accounts - and banks per se - are being compromised by thieves. And, this paper will offer solutions for customers and banks when it comes to safety and security online, and to the protection of customer privacy.
Online Banking: The Problems, the Concerns, and the Possible Solutions
A very recent article from News Factor Network (Arnfield, 2005), published in Yahoo! News, provides some overall perspective on the present and future safety and security of online ...
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CITE THIS PAGE:
Online Banking Security. (2017, September 11). Retrieved April 15, 2024, from http://www.essayworld.com/essays/Online-Banking-Security/106422
"Online Banking Security." Essayworld.com. Essayworld.com, 11 Sep. 2017. Web. 15 Apr. 2024. <http://www.essayworld.com/essays/Online-Banking-Security/106422>
"Online Banking Security." Essayworld.com. September 11, 2017. Accessed April 15, 2024. http://www.essayworld.com/essays/Online-Banking-Security/106422.
"Online Banking Security." Essayworld.com. September 11, 2017. Accessed April 15, 2024. http://www.essayworld.com/essays/Online-Banking-Security/106422.
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