Question:

I am making project on online banking. I need some information about that. Details are mentioned below.?

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1) What are the most common attacks made by hackers?

2) What are the security measures I should take?

3) How bank account is attached/communicate with

i) ATM

ii) Visa/Mastercard or etc

iii) One bank to another bank

iv) Mobile for SMS alerts

4)What extra features do industrialist/organisation's have/need in online banking?(Difference between personal and corporate online banking)

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  1. 1) What are the most common attacks made by hackers?

    A.  Don't confuse a hacker with a thief.

    The most common attack is from within or from an employee not taking proper precautions.  Such as writing access passwords on a sticky note.  With 1024 encryption (last time i checked) you could sit for millions of years trying to crack the encryption key to gain access.

    2) What are the security measures I should take?

    Don't give out your PIN or online banking password or the answer to your security question.  Make the security question something only you would know. Like  your favorite food for example

    3) How bank account is attached/communicate with

    i) ATM

    Hard wired via the internet, over a secure connection.  These terminals always are wired with a cable directly to a connection to the internet (not wireless) and sent encrypted

    ii) Visa/Mastercard or etc

    same as above

    iii) One bank to another bank

    same as above or via a virtual private network connection

    iv) Mobile for SMS alerts

    You can find software to send sms messages from your PC.  The banks use this type of software, as well as software to send messages.  A computer controls who gets which message, or if everybody gets it.

    *NEVER use a cell phone or cordless phone to access your bank information or give your credit card info over a non-hardwired communication device.*

    4)What extra features do industrialist/organisation's have/need in online banking?(Difference between personal and corporate online banking)

    Most have a company database and accounting department, as well as software to track things like attendance, bonuses, pay scale, hours worked, vacation time, sick time, pretty much anything you get paid for or not paid for, as well as taxation software, pension plan, UI, and other deductions you see on your T4 slip.  They do almost everything on an automatic level, only entering in variable data, such as if you were sick a day and did not work.

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