Preventive Measures to Control Cyber Crime Affecting Banking and Online Transactions

Researcher has given some suggestions for the prevention of cybercrime related to online banking are on the rise. The purpose of this research paper is to control cyber attacks. The misuse of information technology in the cyber space is clutching up which gave birth to cyber crimes at the national and international level. The percentage of risks and the challenges associated with it is increased. Online and mobile banking is never 100 per cent safe. In this paper we focused on how to prevent the cyber crime. Our law enforcement agencies need to be adequately equipped to overcome and prevent the cyber crime. To tackle the rising bank scams at ATMs, the lender has come up with a set of rules, one of which requires a two-step verification in order to protect debit and credit cardholders of the bank. In the Internet banking site, click the SMS Alerts link in the Requests tab. You are displayed a list of your accounts. Select the account for which you wish to enable SMS alerts and click OK. Select the events for which you wish to receive alerts. When profile password of internet banking is utilized the bank will report the customer via sms, this action control phishing attacks. Use of Strong Encryption and Decryption method, personal firewall, anti-spyware program, effective and updated anti-virus software keep control over cyber crime. DoS (Denial of Service) occurs when criminals attempt to bring down or cripple individual websites, computers or networks, often by flooding them with messages.