The problems of Cybercrime in Banking Industry: Impact and Challenges

EasyChair Preprint 3595

Abstract

Whatever is good has potential of being bad or evil when properly exploited by relevant agents. It only remains good when its bad potentials have not been identified and tapped. This saying is true when the usage of the web and its associated packages come into the spectacle. As Internet usage is growing daily the world is coming closer. The World Wide Web sounds like a vast phenomenon but surprisingly one of its qualities is bringing the world closer making it a smaller place to live in for its users. However, it has also managed to create another problem for people who spend long hours browsing the Cyber World – which is cybercrimes. While law enforcement agencies are trying to tackle this problem, it is growing steadily and many people have become victims of hacking, theft, identity theft and malicious software. One of the best ways to avoid being a victim of cybercrimes and protecting your sensitive information is by making use of impenetrable security that uses a unified system of software and hardware to authenticate any information that is sent or accessed over the Internet. This work seeks to define the concept of cyber-crime, identify causes of cyber-crime, how it can be eradicated, proffer recommendations that would help in checking the increasing rate of cyber-crimes and criminals.

Keyphrases: Cyber Crime, Hackers, Phishing

@booklet{EasyChair:3595,
  author    = {Abdullahi Idris and Ismail Mato},
  title     = {The problems of Cybercrime in Banking Industry: Impact and Challenges},
  howpublished = {EasyChair Preprint 3595},
  year      = {EasyChair, 2020}}