E-BANKING AND FRAUDULENT ACTIVITIES IN BANGLADESH: COMBATING BY INTEGRATION OF TECHNOLOGY
Fraud is a worldwide phenomenon that affects all continents and all sectors of the economy. With the rapidly growing banking industry globally, frauds are increasing fast, and fraudsters have started using innovative methods. Shockingly, the banking industry in everywhere dubs rising fraud as an inevitable cost of business. One of the most challenging aspects in the banking sector is to make banking transactions free from electronic crime. There is no “one silver bullet” to stop all frauds forever. By leveraging the power of data analysis software, banks can detect fraud sooner and reduce the negative impact of significant losses owing to fraud.
Bank frauds, banking industry, risk management, use of technology, current scenario, future challenges.