PLAGIARISM SCAN REPORT

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• PREVENTIVE MEASURES TO PREVENT IDENTITY THEFT

- On public platforms, do not share sensitive personal information (such as your date of birth, birthplace, family details,
address, or phone number).
- Never give out personal information or copies of identification documents (such as a PAN card, Aadhaar card, voter
card, driver's licence, or proof of address) to an unknown person or organisation.
- Never throw away your credit, debit, or ATM card receipts in public areas such as a bank/ATM or a store.
• PREVENTIVE MEASURES TO PREVENT FRAUD BY REQUEST MONEY QR CODE/LINK ON GOOGLE
PAY/PHONEPE/PAYTM
- Never accept/click on a link or scan a QR code from an unconfirmed source.
- Remember that there is no need to enter an MPIN or UPI PIN when receiving money.
SUGGESTIONS AND RECOMMENDATIONS TO PREVENT CYBER CRIME
• EDUCATING CUSTOMERS
Customers should be educated and informed about various banking frauds, as well as safety measures, so that they do
not become victims of cyber-crime. If a customer is aware of cyber-crime and reports it, the number of incidents of
cyber-crime can be minimised in the early stages. The dos and don'ts' of online banking should be made known to
customers. It can be done by posting it on the bank's website, in the newspaper, in commercials, by emailing, and by
poster teaching, among other methods.
• Harden the Machines Regularly
The IT department of a bank must ensure that every workstation and Internet-connected device in the organisation is
protected by a firewall. All communication from illegal sources is blocked by a firewall. The Department must make sure
that all PCs' operating systems receive regular security updates. To detect any malware or malicious programmes in
the network, anti-virus and anti-spyware software must be installed on all PCs. All wireless networks should be
secured, and passwords should be kept safe.
• EDUCATING EMPLOYEES
The risks of reading or downloading email attachments from unknown sources must be made clear to all employees.
Employee knowledge is especially crucial because a bank's computer has been infected by a malicious virus after an
employee clicked on an attachment from an unknown source in many occasions.
Employees must also be forbidden from disclosing sensitive information about the company.
• Adoption of Advanced Authentication Techniques
To secure financial transactions advanced level of authentication is required . Hackers are always inventing new ways
to crack secret credentials, so simply creating complicated usernames and passwords isn't enough.
Banks should use sophisticated algorithms to detect cybercrime based on patterns seen in website traffic or
transactions.
Banks must employ verification approaches such as mobile-based transaction verification and dynamic device
authentication as more clients use mobile devices.
• USAGE OF COMBINED APPROACH
There is no single security technology that can make a bank's IT system completely secure. As a result, banks must
use a combination of strategies to strengthen their IT infrastructure. Every technology has its own strengths; combining
the correct technologies to deliver benefits such as robust authentication, behavioural fraud detection, and out-of-band

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transaction verification is a good place to start. This multi-pronged approach is widely recognised as one of the most
effective methods for tackling cybercrime.
CONCLUSION
In the current scenario, the Indian banking sector cannot avoid banking activities carried out through electronic medium.
Therefore, due care and precautions should be taken by the banks and customers to prevent cyber- crimes related to
banking. In cases of cyber-crime, there is not only financial loss to the banks but the faith of the customer upon banks is
also undermined. The legislatures should maintain a close eye on the banking system's operations, and law
enforcement should be stringent in monitoring such cyber-crimes. The banks should educate their customers about
different cyber-crimes pertaining to banking sector and their preventive measures. The Indian banks are the financial
back bone of our country so there is an urgent need to protect them from cyber crimes.

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