cyber crime in banking sector

Only available on StudyMode
  • Topic: Fraud, Computer crime, Crime
  • Pages : 71 (19357 words )
  • Download(s) : 612
  • Published : October 13, 2013
Open Document
Text Preview
UNIVERSITY OF MUMBAI
PROJECT ON
CYBER CRIME IN BANKING SECTOR

SUBMITTED BY
ASHA VASHUMAL AHUJA

PROJECT GUIDE
Prof. Mrs. MINAL GANDHI

BACHELOR OF MANAGEMENT STUDIES
SEMESTER V
(2009-10)

V.E.S. COLLEGE OF ARTS, SCIENCE & COMMERCE,
SINDHI COLONY, CHEMBUR – 400071

Page 1 of 79

UNIVERSITY OF MUMBAI

PROJECT ON
CYBER CRIME IN BANKING SECTOR

Submitted
In Partial Fulfillment of the requirements
For the Award of the Degree of
Bachelor of Management
By
ASHA VASHUMAL AHUJA
PROJECT GUIDE
Prof. Mrs. MINAL GANDHI

BACHELOR OF MANAGEMENT STUDIES
SEMESTER V
(2009-10)
V.E.S. COLLEGE OF ARTS, SCIENCE & COMMERCE,
SINDHI COLONY, CHEMBUR – 400071

Page 2 of 79

Declaration
I

student

of

BMS



Semester V (2009-10) hereby declare that I have completed this project on

.
.

The information submitted is true & original to the best of my knowledge.

Student’s Signature

Name of Student
(

Page 3 of 79

)

C E R T I F I C A T E
This is to certify that Ms. ________________________ Of TYBMS has successfully completed the project on
__________________________
_____________________ under the guidance of_________________ ___________

Project Guide
Prof. MINAL GANDHI

Course Co-ordinator
Mrs. A. MARTINA

External Examiner

Page 4 of 79

Principal
Dr. (Mrs) J.K. PHADNIS

ACKNOWLEDGEMENT
This is to express my earnest gratitude and extreme joy at being bestowed with an opportunity to get an opportunity to get an interesting and informative project on “CYBER CRIME IN BANKING SECTOR”. I would like to thank all the people who have helped me in completion of project, I would avail this opportunity to express my profound gratitude and indebtness to all those people. I am extremely grateful to my project guide Prof. Mrs. MINAL GANDHI who has given an opportunity to work on such an interesting project. She proved to be a constant source of inspiration to me and provided constructive comments on how to make this report better. Credit also goes to my friends whose constant encouragement kept me in good stead.

Lastly without fail I would thank all my faculties for providing all explicit and implicit support to me during the course of my project.

Page 5 of 79

EXCECUTIVE SUMMARY
Cyber crimes are any illegal activities committed using computer target of the criminal activity can be either a computer, network operations. Cyber crimes are genus of crimes, which use computers and networks for criminal activities. The difference between traditional crimes and cyber crimes is the cyber crimes can be transnational in nature. Cyber crime is a crime that is committed online in many areas using e-commerce. A computer can be the target of an offence when unauthorized access of computer network occurs and on other hand it affects ECOMMERCE. Cyber crimes can be of various types such as Telecommunications Piracy, Electronic Money Laundering and Tax Evasion, Sales and Investment Fraud, Electronic Funds Transfer Fraud and so on…

The modern contemporary era has replaced these traditional monetary instruments from a paper and metal based currency to “plastic money” in the form of credit cards, debit cards, etc. This has resulted in the increasing use of ATM all over the world. The use of ATM is not only safe but is also convenient. This safety and convenience, unfortunately, has an evil side as well that do not originate from the use of plastic money rather by the misuse of the same. This evil side is reflected in the form of “ATM frauds” that is a global problem. Internet commerce has grown exponentially during the past few years and is still growing. But unfortunately the growth is not on the expected lines because the credit card fraud which has become common has retarded the e-commerce growth. Credit card fraud has become regular on internet which not only affects card holders but also online merchants. Credit card fraud can be done by taking over the account, skimming or if...
tracking img