Internet Banking: Risk Analysis and Applicability of Biometric Technology for Authentication

Today’s world is one with increasing online access to services. One part of this which is growing rapidly is Internet Banking. This is very convenient and the ready access to the Internet in all first world countries , coupled with the cost Savings from closing bank branches , is driving the operation and adoption of these services. Internet banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society. This paper mainly focused on providing banking services to customers using web with highly secured technology. Implementing technology is the responsibility of management. We are highlighting the points towards the use of biometric technology in internet banking system for risk management of banks regular activities through authentication.