Attacks on Online Banking and Commerce

Abstract

With the arrival of the internet, cell phones, e-mail, instant messaging and social networking sites we can do many wonderful things electronically now that make our lives easier and more productive. We should get used to the idea that a good part of our social life can happen in cyberspace. You can keep up with your friends and meet new ones through a keyboard, microphone and a webcam. You can send a detailed e-mail, send a quick message or alert your circle of friends and followers about the latest details what's happening around you. At the same time, we should come to terms with the fact that the cyberspace is flooded with attacks from people who are unscrupulous in their intent to damage others in the cyberspace. The attacks date back to the time when telephone was invented, when the attackers found way to invade people's privacy. For most users, the web is just part of a well-rounded life that includes both a cyber world and a real world. The internet can be helpful, educational and fun. But It can also become an obsession leading to waste of time and money. Just because cyberspace is virtual, that does not mean that there are not real dangers out there. The same sort of bad people who can cause problems for people in the “real” world are also lurking on the internet. They spend their time looking for ways to steal your money, ruin your name or even cause you harm.