Affiliation:
1. ICFAI University, India
2. Amity University, India
3. Benue State University, Nigeria
Abstract
Electronic banking (e-banking) has played an important role in the development and economic growth of developing countries. E-Banking also acts as a catalyst for the development of the financial sector, capital markets, and digital economy. India's rapidly growing banking sector paved the way for development and fraud in the e-banking regime. The present chapter seeks to assess the techniques of detection of fraud from a global perspective and will also validate the boom of E-Banking with a thought of precaution and awareness. Secondary data has been collected through bank statements, journals, and the internet. The results will help banks and regulators to better understand online banking frauds and to strengthen the existing fraud prevention systems. It is recommended that the government should provide adequate infrastructural facilities in the telecommunications and energy sectors, coupled with encouraging the use of information and communication technologies among the masses for beneficial impact.
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