In this area of globalization, information security is becoming more important because the world is becoming highly interconnected with the internet. At present customers can do banking online which is easy and time saving and at the same time they are vulnerable to threats.
Online banking has become increasingly important to the profitability of financial institutions as well as adding convenience for their customers. As the number of customers using online banking increases, online banking systems are becoming more desirable targets for criminals to attack. To maintain their customers’ trust and confidence in the security of their online bank accounts, financial institutions must identify how attackers compromise accounts and develop methods to protect them.