ONLINE BANKING SECURITY FLAWS
Billions of financial data transactions occur online every day and bank cyber crimes take place every day when bank information is compromised by skilled criminal hackers by manipulating a financial institution‟s online information system. This causes huge financial loses to the banks and customers. The evolution history of attacks began more than 7 years ago initiating what quickly became known as phishing [20]. Its sophistication has increased on par with the new security technologies adopted by the bank industry intended to mitigate the problem. This means there are some flaws in the security of online banking that results in loss of money of many account holders along with leakage of their personal information to unauthorized persons.