Hacking in E-Banking

The role of banking is redefined; customers are also becoming more discriminating and demanding. To meet customer expectations, banks will have to offer a broad range of deposit, investment and credit from a mere financial intermediary to service provider of various financial services under one roof acting like a financial supermarket with maximum security. Thus, the customer-oriented demand on internet banking is increasing continuously because e-banking provides various transactional facilities to its users 24X7 but at the same time banks as well as customers are expected to be aware towards various types of hacking techniques. However, it also brings new possibilities for thieves. This is mainly because we have not completely solved the growing problem of computer viruses and Trojans that can act on our computers against our will. In this section, we have discussed about common hacking techniques by classifying these techniques into two categories classical attacks and new attacks; where examples of classical attacks are password guessing, brute-force attack, eaves dropping and shoulder surfing.