CFP last date
20 December 2024
Call for Paper
January Edition
IJCA solicits high quality original research papers for the upcoming January edition of the journal. The last date of research paper submission is 20 December 2024

Submit your paper
Know more
The week's pick
Responsive image
Improved Shuffled Frog Leaping Algorithm with Self-Adaptive Shuffling for Fuzzy Logic PD+G Controller Optimization in Robotic Manipulators

Duc Hoang Nguyen
Random Articles
Reseach Article

Security of Internet Banking Services in Malaysia: A Survey of Current Practices

by Nor Naematul Saadah Ismail, Mohd Khairudin Kasiran
journal cover thumbnail

International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 185 - Number 31
Year of Publication: 2023
Authors: Nor Naematul Saadah Ismail, Mohd Khairudin Kasiran
10.5120/ijca2023923071

Nor Naematul Saadah Ismail, Mohd Khairudin Kasiran . Security of Internet Banking Services in Malaysia: A Survey of Current Practices. International Journal of Computer Applications. 185, 31 ( Aug 2023), 25-29. DOI=10.5120/ijca2023923071

@article{ 10.5120/ijca2023923071,
author = { Nor Naematul Saadah Ismail, Mohd Khairudin Kasiran },
title = { Security of Internet Banking Services in Malaysia: A Survey of Current Practices },
journal = { International Journal of Computer Applications },
issue_date = { Aug 2023 },
volume = { 185 },
number = { 31 },
month = { Aug },
year = { 2023 },
issn = { 0975-8887 },
pages = { 25-29 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume185/number31/32893-2023923071/ },
doi = { 10.5120/ijca2023923071 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T01:27:34.350330+05:30
%A Nor Naematul Saadah Ismail
%A Mohd Khairudin Kasiran
%T Security of Internet Banking Services in Malaysia: A Survey of Current Practices
%J International Journal of Computer Applications
%@ 0975-8887
%V 185
%N 31
%P 25-29
%D 2023
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Internet banking has become increasingly popular in Malaysia, but the risk of fraud has also increased. This article examines the security implementation on Internet banking sector in Malaysia. The article begins by discussing the growing problem of banking fraud in Malaysia, and then reviews the security measures that are currently in place. The article then will compare the security implementations of selected banks in Malaysia. The article concludes by discussing potential fixes and upcoming advancements in Internet banking security. The article's findings are that there are several security measures in place to protect users of Internet banking in Malaysia. However, there are also some areas where security could be improved. The article recommends that banks continue to invest in security measures, and that users of Internet banking should be aware of the risks and take steps to protect themselves.

References
  1. Blogmalaysia.com, “Online Banking Fraud Cases In Malaysia,” 2023. [Online]. Available: https://blogmalaysia.com/online-banking-fraud-cases-malaysia/.
  2. R. Loheswar, “Major data breaches in Malaysia in the past 24 months,” Malay Mail, 31-Dec-2022. [Online]. Available: https://www.malaymail.com/news/malaysia/2022/12/31/major-data-breaches-in-malaysia-in-the-past-24-months/47722.
  3. M. Basyir and H. N. Harun, “Online scam cases increasing in Malaysia,” New Straits Times, 26-Sep-2022. [Online]. Available: https://www.nst.com.my/news/nation/2022/09/834531/online-scam-cases-increasing-malaysia.
  4. MalayMail, “Kaspersky: Phishing attacks on the rise in Malaysia, SE Asia,” Malay Mail Sdn. Bhd, 11-Oct-2022. [Online]. Available: https://www.malaymail.com/news/malaysia/2022/10/11/kaspersky-phishing-attacks-on-the-rise-in-malaysia-se-asia/32996.
  5. S. R. Mohd Kassim, “Measuring the Effectiveness of Phishing Detection Tool: Comparative Study on Pattern Matching and User Rating Technique,” J. Comput., vol. 14, no. 4, pp. 302–310, 2019.
  6. F. H. Chandio, Z. Irani, A. M. Zeki, A. Shah, and S. C. Shah, “Online Banking Information Systems Acceptance: An Empirical Examination of System Characteristics and Web Security,” Inf. Syst. Manag., vol. 34, no. 1, pp. 50–64, 2017.
  7. S. R. Omar Ali, W. N. K. Wan Marzuki, N. S. Mohd Said, S. M. Abdul Manaf, and N. D. Adenan, “Perceived Ease of Use and Trust Towards Intention to Use Online Banking in Malaysia,” J. Intelek, vol. 15, no. 1, pp. 107–114, 2020.
  8. S. Manoharan, N. Katuk, S. Hassan, and R. Ahmad, “To click or not to click the link: the factors influencing internet banking users’ intention in responding to phishing emails,” Inf. Comput. Secur., vol. 30, no. 1, pp. 37–62, 2022.
  9. A. P. Khan, S. Khan, and I. A. R. Xiang, “Factors Influencing Consumer Intentions to Adopt Online Banking in Malaysia,” Bus. Econ. Rev., vol. 9, no. 2, pp. 101–134, 2017.
  10. N. Yildirim and A. Varol, “A research on security vulnerabilities in online and mobile banking systems,” 7th Int. Symp. Digit. Forensics Secur. ISDFS 2019, pp. 1–5, 2019.
  11. D. Ghelani, T. Kian Hua, S. Kumar, and R. Koduru, “A Model-Driven Approach for Online Banking Application Using AngularJS Framework,” Am. J. Inf. Sci. Technol., vol. 6, no. 3, pp. 52–63, 2022.
  12. S. PAKOJWAR and D. N. J. UKE, “Security in Online Banking Services – A Comparative Study,” Int. J. Innov. Res. Sci. Eng. Technol., vol. 03, no. 10, pp. 16850–16857, 2014.
  13. M. D. Bhosale, “‘ Internet Banking Security Software ’ Proposed Model,” Int. J. Res. Publ. Res. J. Sci. IT Manag., vol. 4, no. 7, pp. 54–74, 2015.
  14. B. N. Malaysia, “Financial Sector Participants Directory,” 2023. [Online]. Available: https://www.bnm.gov.my/regulations/fsp-directory.
Index Terms

Computer Science
Information Sciences

Keywords

Internet banking online banking security measure

Powered by PhDFocusTM