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RITUAND

JASDEEP SINGH


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Bank statement ,with the possibility to importdata in a personal finance program such asQuickenor Microsoft Money

Electronic bill payment

Fund transfer between a customers own

checking and saving accounts , or to anothercustomer account


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Investment purchases or sale

Loan application and transactions, such as

repayment Account aggregation to allow the customers

to monitor all of their accounts in one placewhether they are with their main bank or with

other institutions.


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Round the Clock Banking Convenient Banking

Low Cost Banking

Profitable Banking Quality Banking

Speed Banking

Service Banking


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For Banks:

Cuts payroll costs

Extends to newmarkets

Flexibility

Image of Company

For Consumers:

Saves time/Money

Flexible

Can log on fromalmost anywhere

Convenient

Transaction Speed


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Start-Up Costa)connection cost to the internet or any

other mode of electronic communi-

cation.

b)cost of sophisticated hardware ,soft-

ware

c)cost of maintenance of all equipment,

websites ,skill level of employeesd)setting up organizational activities.


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Training and Maintenance

Lack of Skilled Personnel

Security Legal Issues

Restricted Clientele and Technical Problems


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Malicious threats could include: hackers attempting to penetrate a system to reador alter sensitive data burglars stealing a server or laptop that has

unprotected sensitive data on its disk imposters posing as legitimate users and evencreating a website similar to yours authorized users downloading a web page orreceiving an email with hidden active content that

attacks your systems or sends sensitiveinformation to unauthorized people


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1. Authentication A user name and password combination, where thepassword can vary in length and include numbers andcharacters. Remember to include a system that promptsemployees to change their passwords at regular

intervals. "Two-factor" authentication requiring something theuser has (eg an authentication token) and somethingthe user knows (eg a personal identification number). A digital certificate that enables authentication through the

use of an individual's unique signing key. A person's unique physical attribute, referred to as abiometric. This can range from a fingerprint or iris scan,through to retina or facial-feature recognition.


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2. Access control Network restrictions to prevent access to othercomputer systems and networks Application controls to ensure individuals are

limited in the data or service they can access

Restrictions on what can be copied from the systemand stored on pen drives, memory sticks orCDs/DVDs

Limits on the sending and receiving of certain typesof email attachments


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3.Encryption

This technique scrambles data, and is used to

protect information that is being either held on acomputer or transmitted over a network. It usestechnologies such as virtual private networks(VPNs) and secure socket layers.


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4.Firewall This is a hardware or software security device that

filters information passing between internal andexternal networks.

It controls access to the Internet by internal users,preventing outside parties from gaining access tosystems and information on the internal network.

A firewall can be applied at the network level, toprovide protection for multiple workstations orinternal networks, or at the personal level where itis installed on an individual PC


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5.Intrusion detection

These products monitor system and networkactivity to spot any attempt being made to gainaccess.

If a detection system suspects an attack, it can

generate an alarm, such as an email alert, basedupon the type of activity it has identified.


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DO:

Make sure that you are on the correctwebsite

Make sure that you choose a password thatwill not easily be decoded

Check monthly checking and credit cardstatements carefully each month

Report errors or problems promptlyBe sure to Log Out of website when finished


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DO NOTDisclose personal information such as credit

card or social security numbers unless you are100% sure who you are dealing with

Have other browsers open while you arebanking onlineDownload or open files that were sent from

strangers because this could infect yourcomputer and capture sensitive information

without you even knowing


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Improve customer access Facilitate the offering of more service

Increase customer loyalty

Attract new customers Provide services offered by competitor

Reduce customer attrition

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