In India, banks have this facility of transacting online and which is why we all are able to transact online and make our various payments from our very cozy places. But how much these banks take care of the trust that we show in them? There is an alarming situation in terms of online fraudulent cases taking place and looking at that there is need for some new methods to be incorporated in order to stop these fraudulent practices being taking a toll so that the confidence of the people in the country is not shaken up.
With new threats like phishing and Trojan horse attacks the demand of the hour is to make the security measures as per the current standards. When internet is providing a platform for all on the global basis all there required is proper measures for the safety and security being taken care of online so that the growth of the online transactions taking place keeps on augmenting without any hurdles in between. So it’s time for the Indian Banks and Financial Institutions to care of it. This vital issue related to security and safety online if addressed properly can make the ongoing Internet revolution progress by leap and bounds.
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