Risk Associated with E-Banking: An Analytical Study

Electronic Banking is the new form of traditional banking. With the passage of time the concept of traditional bank has been changed due to the new innovations of technology throughout the globe. It refers to the use of electronic route for banking product, services and is the part of electronic finance. Rapid change or development of Information Technology, parallelly the risks have been grown. E-banking has come with number of risks due to its nature. The risks of technological changes have to be observed carefully. There is always risk of fraudulent in Internet and it is tending to hackers. Introduction of this research paper briefly addresses the meaning of Electronic Banking. Then, discuss about the risk which are associated with E-banking and its type. It also traces the Basle Committees Electronic Banking Group which has identified fourteen Risks Management Principles for sound risk management in e-banking.