Impact of Electronic crime in Indian Banking Sector – An Overview

Abstract

The purpose of this paper is to develop a conceptual framework concerning mainly on the role of Electronic crime in the Indian Banking sector. One of the most important aspect in the Indian Banking sector is to make banking transactions free from Electronic crime. The Indian Banking system is itself opens to various crimes when it is connected to a network. The purpose of this study is to represent a conceptual framework of the basic crimes occurred in banks- namely ATM frauds, Money Laundering and Credit Card Fraud.

The study is a conceptual paper that indicates one of the important electronic crimes in banks. Security fears exist in the minds  of customers, some particular concerned are the threats of pharming, phishing, enticed leak of personal information like Identity thefts, pharming etc.

The study found that Electronic crime  can be reduced from the banking transactions by applying the updated technology and appointing reliable officers and devices. This paper is an attempt to examine the Effects of Electronic crime in the Indian banking sector.