Question

Discuss security, ethical and societal issues by applying Information Technology (IT) in banks and why is it matter for banks to critically address these issues?

Answer 1

Answer:

The morals or ethics teach us to difference between what is correct and what is wrong while in web based banking or electronic card we have to keep the client's data protected and make sure about and don't be anybody take or steal those basic information.Mostly the information like names ,pin,passwords and proofs everything should be kept hidden just the proprietor's can get the access to those. What's more, exactness/accuracy is additionally an issue .Whenever a client attempts to get to their own information if ought to be precise/accurate and with no errors the information ought to be accompanied. Lastly the privacy is likewise one significant issue ,for this we have to keep up the client's conduct and watch the employee's conduct too.

Next comes to social issues at whatever point there is an online payment transaction happen it ought to be precise and powerful on the off chance that it fails to do as such there happens a social issue .There ought to be a dedication from the client as well as from,the representative too.Like duty on all sorts of transactions to be fruitful .This would build the belief of clients to accomplish progressively online banking.And there ought to be greater adaptability while doing an payment transactions and next thing is understanding the web page and ATM machine interface ought to be easier to the people.Like easy to use way at long last the social aspects should be keep up in the trust of clients and card clients with banks.These are various issues of banks including with IT and therefore can be managed through trust as it were.