Paper Contents
Abstract
Over the past few decades, the banking landscapeparticularly in developing economies like Indiahas transformed remarkably. Traditionally, banks were synonymous with physical branches where face-to-face interactions, manual ledger maintenance, and long queues were commonplace. However, since the early 1990s, the advent of globalization, privatization, and rapid technological advancements has shifted the focus from brick-and-mortar establishments to digital platforms. Todays banking experience is defined by automated teller machines, online and mobile banking, and other digital channels, which have significantly altered the conventional relationship between customers and banking personnel. This digital evolution, while enhancing operational efficiency and accessibility, has also given rise to complex cybersecurity challenges. Cybercriminals now frequently breach sophisticated digital systems to access sensitive personal information and commit financial fraud. Consequently, as the reliance on digital banking continues to grow, so does the urgency to evaluate and strengthen cybersecurity measures. This paper critically examines the emerging cyber risks within the banking sector and assesses the effectiveness of the current security protocols in safeguarding financial infrastructures.
Copyright
Copyright © 2025 RISHI BALACHANDRAN. This is an open access article distributed under the Creative Commons Attribution License.
