Securing Online Banking - Threats to Online Banking Best practices for online Banking Users

Securing Online Banking

Description

Most industries have deployed internet technologies as an essential part of their business operations. The banking industry is one of the industries that has adopted internet technologies for their business operations and in their plans, policies and strategies to be more accessible, convenient, competitive and economical as an industry . The aim of these strategies was to provide online banking customers the facilities to access and manage their bank accounts easily and globally.

Online banking, also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.

Safeguarding Smart phones against Cyber attacks

Safeguarding Smart phones against Cyber attacks

Description : 

Smart phones that are available these days in the market are powerful enough to perform many of the operations of a PC. But, unlike conventional computer security, which has firewalls and anti-virus measures regularly updated, smart phone security has failed to keep up with the pace and hence become a catalyst for launching cyber attacks on the go.

Securing Mobile Banking - Threats to Mobile Banking - Best Practices for Users to remain safe

Securing Mobile Banking

Description : 

The increasing usage of Smartphones has enabled individuals to use various applications including mobile banking applications. More and more individuals have started using mobile applications for banking as compared to the traditional desktop/Web-based banking applications.

Mobile banking refers to the use of a Smartphone or other cellular device to perform online banking tasks while away from your home computer for various uses such as monitoring account balances, viewing mini statement, account statement, transferring funds between accounts, bill payment etc.

Mobile and Cloud Data Security : All important points to be noted

Mobile and Cloud Data Security

Description

The fast pace of modern life, accelerated business processes and decision making, have all created the need for fast and reliable access to data and information.  Mobile devices, which have become ubiquitous, offer easy connections to the world of information. Now we have data moving across a multiplicity of devices, including tablets, smart phones and even wearable devices as people use their smart watches to notify them of company phone calls, SMSs and so forth.

This means much more data flowing from devices to servers, servers to devices, sensors to devices and devices to devices. A good deal of that data will be business-generated information and that needs to be kept confidential or have restricted access. Mobile devices generally connect over wireless networks rather than wired Ethernet, which presents additional security vulnerability and exposure. Mobile applications are highly connected to web services and this broadens the possible vectors for data exfiltration. And above all this, there's cloud.

Online Payments through Unified Payment Interface : UPI Based on IMPS Platform

Online Payments through 

Unified Payment Interface (UPI)

Description : 

Unified Payment Interface (UPI) is an initiative by National Payments Corporation of India (NPCI), set up with the support of the Reserve Bank of India with a vision of migrating towards a "less-cash" and more digital society.

UPI is a system that enables peer to peer online payments for users holding different bank accounts, to send and receive money or to pay directly to merchants from their Smartphone without the need to enter bank account information or net banking UserID / Password.

UPI has built on the Immediate Payment Service (IMPS) platform.

Aadhaar Enabled Payment System - Best Practice and Security Concern

Description :

Aadhaar Enabled Payment System (AEPS) is a payment model which allows financial transactions at PoS (Micro ATMs) via banks using the Aadhaar authentication. This payment system empowers the marginalized and excluded segments to conduct financial transactions (Credit, Debit, Remittances, Balance Enquiry, etc) through microATMs deployed by Banks in their villages. To make transactions via AEPS, customers and merchants need to link their Aadhaar card with their bank accounts.