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Now  e-banking growing and becoming so popular in worldwide and with is frauds are being occur as e-banking is growing. so we must know the fraud that occurring and the precaution for it.

Frauds in  E-banking sector:

The frauds that occurs in e-banking sector are:

1. Duplication of card:

ÿ    The information contain in the card are copied to another card.

ÿ    Whatever the duplicate card may contain other information but original card is used for financial transactions.

2. Key loggers:

ÿ    This is one programs which collect or stores the characters as typed in keyboard.

ÿ    Many information can track via key logger program like aacount no, password etc.

3. Phishing E-mails:

ÿ    The fake Email to be from the authenticated sites, banks etc asking to enter the username and password to update the informations.

ÿ    . Actually information goes to faker parties or sites what we have entered.

4. In Nepal, E-banking fraud hasnot been found yet.
5. Another reason for occurring the fraud due to lack of understanding technology of internet.
6. E-banking not perfectly secure, we may said it is at its infancy right now.

Precaution that must be consider while using e-banking serviee:

1. Using the device which will creates ID for one session only.
2. The system of login using account id and password to the device.
3. This create a temporary ID to login the bank server.
4. The user should login using newly generated ID.
5. The  bank should also do their duties to prevent e-banking frauds.
6. we should up  to date knowledge of on going attack sources, techniques, equipments and network maps.
7. We should have ability to show fast reponse towards the newly discovered vulnerabilities.

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DUTIES OF BANKS:

1. Internal controls and Dual control.
2. There may occur mistake by one person and  at the same time other can find the mistake.
3. There is few possibility in making same mistake by two people.
4. Withdraw should be in limit.
5. The account holder should be informed, if an account is dormant for years and the transaction in not expected.

The following things should be consider by e-banking user while doing e-transaction:

1. The account no. should never give to anybody
2. Using public computer for e-transaction may be harmful.
3. Giving information to the unfamiliar sites.
4. Before visiting any sites, firstly check the certificate and still if you feel unsecure don’t continue.
5. We should use such passwords which are difficult to guess.
6. Check account status regularly, if you feel something wrong or unsecure then let this know the concern bank.