Cyber Security in Mobile Banking


EOI: 10.11242/viva-tech.01.05.001

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Citation

Prof. Shreya Bhamare,Rajesh Kharat,Suraj Trivedi,"Cyber Security in Mobile Banking", VIVA-IJRI Volume 1, Issue 7, Article 1, pp. 1-7, 2024. Published by Master of Computer Application Department, VIVA Institute of Technology, Virar, India.

Abstract

A Comprehensive Approach With the widespread adoption of mobile banking, ensuring robust cybersecurity measures is imperative to protect against evolving cyber threats. This abstract delves into the multifaceted landscape of cybersecurity in mobile banking, emphasizing the need for a comprehensive approach to mitigate risks effectively. We explore various security layers, including robust encryption protocols, advanced authentication mechanisms such as biometrics and multifactor authentication, and real-time transaction monitoring systems. Additionally, this abstract highlights the significance of proactive threat intelligence and continuous security assessments to identify and address vulnerabilities promptly. Furthermore, user education and awareness campaigns play a pivotal role in promoting secure mobile banking practices and mitigating human-related risks, such as phishing attacks. By implementing these strategies, financial institutions can bolster the security posture of mobile banking platforms, instilling trust and confidence among users and ensuring the integrity of financial transactions in the digital era.

Keywords

Cyber Crime, Cyber fraud , Internet , Insider threats , Malware , Mobile banking transaction , Mobile phone , Phishing attacks , Secure , Security , Sustainable cybersecurity, Two-factor authentication.

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