Challenges Faced By Large And Small Enterprises

It is important to realize how the security aspects in a banking system can influence such

The reality is that true security programs are difficult to achieve. It is usually necessary to choose a schema that has a certain amount of “cost” and an understood amount of security coverage. (This is almost always less than “comprehensive and end to end”.) The point here is to make educated decisions for each aspect of an overall system and to consciously employ more or less in a calculated fashion. If one knows the areas that are less protected, one can at least monitor such areas to determine problems or breaches.

Abstract - A bank plays a vital role in peoples life.A bank connects customers with deficit assets to customers with surplus assets.Net banking refers to the system that enables bank customers to access accounts and general information on bank products and services through personal computer(PC) or other intelligent devices and it also performs virtual banking functions. Bank’s first aim is to achieve the trust of customers then customers report their personal details ,Security of the customers is the prime concern of the banks and it has its own measures to secure client details and transactions i.e; both online and offline.The major security measures are confidentiality integrity ,availability and accuracy. Apart from all the security

E- marketing is popular nowadays worldwide. Through the help of Internet companies interested in selling goods and services can easily penetrate into the homes and offices of prospective buyers. Companies can measure their marketing related statistics easily and relatively inexpensively. Certain drawbacks such as information security related issues are of prime concern. Online banking is on constant rise

Small and Medium Enterprise (SMEs) and large enterprise might operate in the same market, but there are certain differences in the two. Certain parameters are used in differentiating a small company from a big company. Such parameters include:

These hackers threaten our security and confidentiality every day by getting unauthorized access and stealing our most valuable or sensitive information. Privacy and security concerns are not unique to the bank industry; they are spread to personal information such as health or employment, and other e-commerce transactions. The protection of this information has to be ensured by the company or bank in order for customers to continue the relationship with such.

Attacks or intrusion attempts on banks’ computer and network systems are major concern. Studies show that systems are more vulnerable to internal attacks than external, because internal system users have knowledge of the system and access. Banks should have sound preventive and detective controls to protect their Internet banking systems from exploitation both internally and externally.

As we talk about security breaches, let’s look into what protects businesses from getting hacked. Network security is to help protected information, to create the possibilities that various information is not being breached or hacked by other users. The network security is to be concerned about employee information, visitors and customer information, as well as vouchers and data. The consequences of security being breached can be significant in

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Financial technologies play a significant role in modern banking system. Most of us are familiar with internet banking and mobile banking. These technologies allow us to access our accounts, transfer funds, pay for our purchases, and even apply for a loan without leaving a house or an office. In addition, most of us prefer to pay for our purchases with a quick swipe of a credit or a debit card. No doubt, it is more convenient than caring and counting cash every time we go to a store. But, unfortunately all these technologies come at a cost. Time to time, we hear news about another security breach in the banking system or retail business, when customers’ personal information is

Online banking and financial services have revolutionised the consumer and corporate banking industry in the last few decades or so by giving customers the power to conduct their banking anytime, anywhere and without all kinds of paperwork and branch visits. This has been possible with the help of massive investments in information technology, systems and communication infrastructure linking the banking industry network with their universe of customers. This empowerment has also given the financial services industry a platform to create financial products with which to woo the marketplace to grow market share, revenue and profits at rates not seen before. However, this win-win situation has come at a cost for the banks. Financial crime or fraud in the last few decades was largely restricted to cheque or loan fraud by individual fraudsters. The perpetrators seem to have kept pace with the evolution in banking services. The threat landscape today is such that every time the banking industry presents innovative financial products and a convenient way to do business with its customers, it also attracts a whole new category of fraud risk and new opportunities for the fraudsters. The financial fraud fraternity today is well equipped with Information Technology (IT) tools, both in terms of hardware and software, alongside trained staff, both internal and external to the banking industry. They work as a well oiled organisation and are decentralised sufficiently to cover

Both large and small companies require a certain amount of protection from fraudulent acts. To be naive in thinking that fraud would never occur within a company would be reckless. There are three key objectives when operating a business, whether large or small. These objectives include prevention, detection, and response, and should be implemented into every company’s operations. When exploring preventative techniques, there are seven recommendations made by professionals to reduce the most often seen attacks of small business fraud and cybercrime.

Security is one of the major challenges that is being faced by the world today, as seen by continuous revelations about breaches and incidents. On this note of insecurity and unpredictability, banking industry is keen to redefine its approach to security thereby making an attempt to balance three critical factors i.e. cost, innovation and risk. On parallel grounds, the domain of internal security is undergoing drastic changes that mandates banking institutions to embrace new set of skills and practices. Fraud can be categorized as a business risk – it is like a sword of Damocles over a bank’s future. This must change for the good. The rapid pace with which the technology is changing, like the recent explosion of cellular customers, is

Cybersecurity is one of the most important topics in business today; It is something that must be accounted for by all businesses, large or small, due to its ability to disrupt or even paralyze all business functions. With the increasing reliance of computer systems into enterprises today, it is no wonder why the most dangerous threats are in cyberspace. The dangers of these threats are scary to small and medium-sized business owners, and they are left wondering how to protect themselves. Preventative measures are the major thing a business can do to shield their services or products. The ‘bad actor’ hindrance of unauthorized entry into an infrastructure is a normal trouble in cybersecurity; The businesses of today are not immune to cybercrime, however they may be able to make themselves a difficult target that almost all hackers would disregard. Cyber-criminals can infect computer techniques making use of multiple tools to infiltrate and acquire data illegally. A part of this discussion deals with the necessary funding for confronting developing treats. Cybersecurity should be a priority to all businesses, due to the crippling effects an attack can have on an enterprise.

Today banks operate in an extremely globalized, liberalized, privatized and a competitive environment. Indian banking industry has witnessed an incredible growths due to extensive changes that are taking place in the information technology. The development and the increasing progress that is being experienced in the Information and Communication Technology have brought lot of changes in almost all facets of life. In the Banking Industry, it has been in the form of online or e-banking, which is now replacing the traditional banking practice. The e-banking constitutes an electronic alternative network of payments and benefit of services. E-banking has the potential to transform the banking business as it significantly lowers transaction and delivery costs. Today e-banking has experienced phenomenal growth and has become one of the main avenues for banks to deliver their products and services. Online banking has a lot of benefits which add value to customers’ satisfaction in terms of better quality of service offerings and at the same time enable banks gain more competitive advantage over other competitors. There are some associated challenges identified in the study that seem to hinder the success of e-banking services and thus constitute major concern to both financial institutions and customers. This