TY - GEN
T1 - Credit fraud detection in the banking sector in UK
T2 - 4th International Conference on Digital Society, ICDS 2010, Includes CYBERLAWS 2010: 1st International Conference on Technical and Legal Aspects of the e-Society
AU - Mahdi, Md Delwar Hussain
AU - Rezaul, Karim Mohammed
AU - Rahman, Muhammad Azizur
PY - 2010
Y1 - 2010
N2 - Internet is the main tool for e-business. E-transaction is made faster by Internet. With the increase of e-transaction internet fraud or e-business fraud is increasing. Credit fraud in the banking sector is a growing concern. Few sort of card (debit/credit) fraud is decreasing by providing detection and prevention system from banks and government. But card-not-present fraud losses are increasing at higher rate because of online transaction as there is no chance to use Chip and PIN as well as card is not used face-to-face. Card-not-present fraud losses are growing in an un-protective and un-detective way. This paper seeks to investigate the current debate regarding the credit fraud in the banking sector and vulnerabilities in online banking and to study some possible remedial actions to detect and prevent credit fraud. The research also reveals lots of channels of fraud in online banking which are increasing day by day. These kinds of fraud are the main barriers for the e-business in the banking sector.
AB - Internet is the main tool for e-business. E-transaction is made faster by Internet. With the increase of e-transaction internet fraud or e-business fraud is increasing. Credit fraud in the banking sector is a growing concern. Few sort of card (debit/credit) fraud is decreasing by providing detection and prevention system from banks and government. But card-not-present fraud losses are increasing at higher rate because of online transaction as there is no chance to use Chip and PIN as well as card is not used face-to-face. Card-not-present fraud losses are growing in an un-protective and un-detective way. This paper seeks to investigate the current debate regarding the credit fraud in the banking sector and vulnerabilities in online banking and to study some possible remedial actions to detect and prevent credit fraud. The research also reveals lots of channels of fraud in online banking which are increasing day by day. These kinds of fraud are the main barriers for the e-business in the banking sector.
KW - Credit fraud
KW - E-business
KW - Internet
KW - On-line banking
UR - http://www.scopus.com/inward/record.url?scp=77952209805&partnerID=8YFLogxK
U2 - 10.1109/ICDS.2010.45
DO - 10.1109/ICDS.2010.45
M3 - Conference contribution
AN - SCOPUS:77952209805
SN - 9780769539539
T3 - 4th International Conference on Digital Society, ICDS 2010, Includes CYBERLAWS 2010: The 1st International Conference on Technical and Legal Aspects of the e-Society
SP - 232
EP - 237
BT - 4th International Conference on Digital Society, ICDS 2010, Includes CYBERLAWS 2010
Y2 - 10 February 2010 through 16 February 2010
ER -