Author(s): Tony Griffiths
This research article focuses on the increasing risk of online banking fraud and the importance of awareness and prevention strategies. Online banking fraud is a type of cybercrime that involves unauthorized access to a customer's bank account and the theft of their funds or personal information. Various methods are used by fraudsters, such as phishing scams, malware attacks, and social engineering. To prevent online banking fraud, customers should never share their login credentials or other sensitive information, use strong passwords, keep their software and antivirus programs up to date, and regularly monitor their accounts for suspicious activity. The impact of online banking fraud can be significant, causing financial loss, identity theft, and reputational damage to customers and banks, and undermining trust in the banking system. Therefore, raising awareness about online banking fraud risk and encouraging everyone to adopt best practices to ensure the security of online banking transactions is essential.