Traditional banking is still alive but let's face it: people want to manage their money without the need of going to the bank all the time. With the help of internet banking, people now have means to access their accounts and manage their resources for paying bills or sending funds to other accounts. In many countries, including India, there is a massive population of people that are already taking advantage of the services offered by the banks with the aid of the internet.
Even if Online Banking is very popular and is highly supported, still, many are scared to do this kind of banking method. The issue is that there are many forms of banking fraud that happen online and thousands of people have already experienced fraud at one point or another. Scams and trickery is present in the web and therefore, there are some risks that are present for any banker. Let us analyze the fraud process and how it happens:
