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In today's environment of increasing globalization electronic banking, otherwise known as commerce or EFT, has become a daily life activity in our computer savvy society. Notions of banking and finance have changed over the last few decades particularly at the personal level with the increasing use of personal computers and online services. Strengthened Internet protocol and user friendly software have allowed for an increase in virtual banking and a decrease of paper records, files and documents against a backdrop of consumer concerns about compromised safety. Given this current environment of global electronic banking, this paper considers whether today's electronic banking is sufficiently secure enough to deal with large cash flows for people and companies.
Cite this Essay:
Electronic Banking (2006, December 01) Retrieved December 02, 2022, from https://www.academon.com/essay/electronic-banking-90570/
"Electronic Banking" 01 December 2006. Web. 02 December. 2022. <https://www.academon.com/essay/electronic-banking-90570/>