Question

What potential security problems do you see in the increasing use of e-banking in business? What might be done to solve such problems? provide examples. *

Answer 1

Use of e-banking will help to reduce the work of going to bank and stand in lines so that time will be saved.

Now a days with the raise of ebanking options people are using these options only and thereby the burden of going to bank stand in lines for hours is reduced.

But with this also there are some problems i.e security of the account and online transactions guarantee these are the main problems for the increasing use of ebanking in business.

Example:-

If in a small scale company like online shopping there will be a lot of options provided for buying i.e cash on delivery, credit card, debit card and bajaj cards.

for all these options we have to be careful when we use there will be a chance of stealing the details or hacking etc.

In business of selling the online website should be store all the details of the customers and their banking details and make them secure if they fail to store securely there will a great loss of the data if the data go to out of the company so many people can use the data for unauthorized purposes.

So there will be complex problems araise when we has to secure the data of the customers.

We have to follow many guidelines and restricted access to employees and a private space to store the data.

If we follow these guidelines the security can be increased.

Security should be main agenda .