A STUDY ON SECURITY ISSUES IN E-BANKING SERVICES IN INDIA

E-Banking, also known as online banking or virtual banking, is an electronic payment system that enables
customers to conduct transactions such as transfer of funds, payment of loans and EMIs, deposit, and withdrawal
of cash electronically via the internet. It plays a vital role in the present banking functionality. It is a secure and
convenient banking facility that allows its customers to undertake online banking services anytime during the day
and at any place. A security issue is an unmitigated risk that hackers can use to do damage to data. Online bankers
are always concerned about hackers while making online payments or transferring money from one account to
another. Most of the banks try to make their sites secure by accepting the latest network security software.
Researcher want to focus on the present status of e-banking in India and various security related issues to EBanking
services. It also discusses the effect of security issues on customers' convenience.