Research Article Open Access

Security in Online Banking Services – A Comparative Study

Abstract

Today’s world is one with increasing use of online access to services. One part of this which is growing hurriedly is Internet Banking. To provide customers with safe, consistent,robust online environment to do online banking the banks should implement “best of breed“ technologies to authenticate customers identities when they log in, to guarantee that their data is transmitted securely and consistently Bank should have best backup and contingency strategies and should formulate best security plans and practices. This paper tries to explore several of Technologies and Security Standards the different researchers have recommended to banks for safe internet banking and comparison of number of security systems based on the recommendations given by these authors for secure online banking.

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