1. Online Banking What special consequences do you foresee from information security breaches confined to online retail banking compared to online commercial banking? 2. B2B e-Commerce, e-Government...

What special consequences do you foresee from information security breaches confined to
online retail banking compared to online commercial banking?
Online retail banking and Online Commercial Banking has different aspects and they
work quiet differently, where online retail banking involved in direct interaction with
individual customers, whereas commercial banking involves the interaction with
corporates, organizations or societies.
Commercial Banking deals with the corporates, societies which help them in their
liabilities, big investment deposits, business loans and many more. Whereas in case of
Retail Banking the individuals can deal with bank for their personal deposits and personal
loan needs which may vary from home loan, car loan, education loan and many more.
As banking now days is going online, it becomes an opportunity for Information security
breach, in which there are many security threats from internal or external sources which
are unauthorized to access bank personal data which must be held very high security.
There are internal security breaches as follows:
1. Technical
2. Human
3. Natural Threats
4. External Sources
External sources would be as follows:
1. Hackers,
2. Phishers,
3. Trojan / Worms attacks.
In online retail banking, all the above security threats are very high and they challenge the
system of banking, as the banking system is in hands of every individual, so it becomes
difficult to maintain the security in internal process only, so the security of control moves
to external sources, which makes it difficult to maintain the security threats from external
sources.
In case of Commercial banking the security threat is mainly present because of internal
sources, and this can be...