Security and Issues of M-Banking: A Technical Report

Now a day, Mobile banking playing a very vital role in everybody's life. Recently nobody has to stand in a queue at a bank counter for availing banking services since mobile banking had made it very easy. Sitting at a remote location using smartphone customers can avail banking services. It has many benefits; on the other hand, it has some demerits also. Hackers can easily trick bank customers using social engineering and cyberstalking to have their money. Cyber-criminals are hard to trace, so this opportunity is fully utilized by hackers. In this paper, a thorough review has been done on various types of scams that are taking place frequently on mobile or online banking. This paper mainly focuses on the increasing number of online fraud cases related to the banking industry. Hence, awareness programs are required among bank customers to prevent or avoid different types of online fraud..