Phishing schemes in the banking sector: Recommendations to Internet users on protection and development of regulatory tasks

The aim and objectives of the article are to analyze fraudulent phishing schemes and develop recommendations for Internet use and relevant regulatory tasks. The relevance of the article is due to the peculiarities of working in cyberspace with the emergence of new sources of banking risks, both for customers and organizations. The scientific novelty of the manuscript consists of a detailed analysis of phishing schemes, the development of recommendations and directions in relation to the Russian Federation. The object of the study is cyber fraud in the credit and financial sphere; the subject is social engineering and phishing schemes. The methodology of the paper includes a systematic analysis of the literature and sources on the research topic, general scientific methods (analysis, synthesis, deduction, analogy, classification), correlation analysis of data, graphical visualization of information. The authors consider the main methods of phishing and the most common techniques used by cybercriminals. Based on the critical analysis of the literature the authors determined a promising direction for the scientific and technical potential of Russia. A correlation analysis of the relationship between the number of cybercrimes and commercial banks is performed. The study offers recommendations to Internet users (how to recognize the signs of fraud), and to regulatory bodies on improving the system of supervision over the dissemination of information in cyberspace. The authors concluded that it is necessary to increase the level of cyber literacy and general literacy of the population, on the one hand, and to modernize the methods of supervision and control of the information posted on the Internet, on the other hand, to effectively counter financial and cybercrime. The research results can be used in the further development of remote banking services for the population to increase competitiveness in the banking services market. Prospects for further research on this topic lie in expanding its structure, developing the competencies of specialists in the field of remote banking technologies, as well as developing the scientific and technical potential of Russia.

Download Full-text

Regulatory law: some lessons from the past

Legal Studies ◽

10.1111/j.1748-121x.1992.tb00453.x ◽

1992 ◽

Vol 12 (1) ◽

pp. 1-19 ◽

Cited By ~ 4

Author(s):

A. I. Ogus

Keyword(s):

Social Engineering ◽

The Other ◽

Regulatory Agencies ◽

Legal Form ◽

The Past ◽

Wide Range ◽

Single European Market ◽

Regulatory Law ◽

The One ◽

And Control

Regulation as a legal form of social engineering has been subjected to much analysis in the last decade or so. The importance of the topic to contemporary law cannot be overstated: on the one hand, it has been the avowed aim of government to ‘deregulate’ industry; on the other hand, and paradoxically, both the concomitant policy of privatisation and the evolution towards a Single European Market have increased the need for regulation in appropriate areas. The efforts to explore the strengths and weaknesses of different regulatory forms have brought together scholars from a wide range of disciplines. Administrative lawyers have been concerned with how the power of decision-making is allocated between institutions and the general problems of accountability and control of discretion to which this gives rise. Socio-legal researchers have critically examined the practices of regulatory agencies as regards rule formulation and enforcement.

Download Full-text

The Impact of Electronic Banking Services on Customer Satisfaction in the Sudanese Banking Sector

International Business Research ◽

10.5539/ibr.v11n6p102 ◽

2018 ◽

Vol 11 (6) ◽

pp. 102 ◽

Cited By ~ 1

Author(s):

Adam Ahmed Musa Hamid ◽

Nabil Mohamed Abdo Alabsy ◽

Mohanad Abbas Mukhtar

Keyword(s):

Customer Satisfaction ◽

Banking Sector ◽

Positive Impact ◽

Research Paper ◽

The Internet ◽

Electronic Banking ◽

Banking Services ◽

Bank Management ◽

Internet Users ◽

The Impact

This research paper aims to study the impact of electronic banking services on customer satisfaction at Sudanese banks. Questionnaires were designed by the researchers. Data and information have been collected and analyzed from the internet users in the Sudanese banks clients. The study found that there are statistical significant differences of electronic services provided by the Sudanese banks on customer satisfaction. The study attempted to explain the various means of electronic banking services which might lead to the customer satisfaction.This paper showed that the banking services over the internet has a positive impact on customer satisfaction. This study recommended that the bank management should focus on spreading the knowledge of the electronic banking services to the customers. This study emphasized the importance of the electronic banking services and recommended that the bank management should spread the technological awareness among current and prospective customers, and develop suitable infrastructure for electronic banking services in the Sudanese banking sector.

Download Full-text

PERLINDUNGAN HUKUM TERHADAP NASABAH BANK DALAM MELAKUKAN TRANSAKSI PERBANKAN MENGGUNAKAN LAYANAN INTERNET BANKING

Kertha Semaya : Journal Ilmu Hukum ◽

10.24843/ks.2020.v08.i10.p08 ◽

2020 ◽

Vol 8 (10) ◽

pp. 1575

Author(s):

I A Indira Wahyu Prameswari P G ◽

I Ketut Westra

Keyword(s):

Research Method ◽

Banking Sector ◽

Legal Protection ◽

Internet Banking ◽

Banking Services ◽

Basic Reference ◽

Conducting Research ◽

Important Position ◽

The One ◽

Use Of Internet

Tujuan artikel ini adalah untuk mengetahui adanya perlindungan bagi nasabah dalam penggunaan internet banking saat melakukan transaksi perbankan, disamping itu juga untuk dapat melindungi hak-hak nasabah selaku konsumen jasa perbankan. Metode penelitian yang digunakan yaitu metode penelitian normatif. Penulisan artikel ini menggunakan pendekatan perundang-undangan dan pendekatan kasus, yang mana dalam penelitian normatif ini meliputi beberapa kajian mengenai asas-asas hukum, sistematik hukum, serta sinkronisasi hukum. Hasil studi menunjukan bahwa penggunaan dari media telekomunikasi dan juga teknologi informasi dalam era globalisasi kali ini menempati kedudukan yang penting guna memudahkan proses dalam bertransaksi khususnya transaksi perbankan dan perdagangan bebas. Dengan terjadinya perkembangan di bidang teknologi dan informasi tersebut membuka peluang bagi tiap orang dengan mudahnya untuk melakukan perbuatan hukum seperti misalnya melakukan transaksi perbankan jual-beli. Dalam prakteknya internet banking merupakan salah satu delivery channel layanan di bidang perbankan yang erat kaitannya dengan teknologi, di satu sisi memberikan banyak manfaat, namun di sisi lain juga dapat menyebabkan kerugian bagi nasabah. Maka dari itu perlunya perlindungan hukum yang lebih spesifik untuk layanan internet banking tersebut. The purpose of this article is to determine whether there is protection for customers in the use of internet banking when conducting banking transactions, in addition to protecting the rights of customers as consumers of banking services. The research method used is the normative research method. The writing of this article uses a statute approach that prioritizes legal materials in the form of statutory regulations as a basic reference for conducting research. The results of the study show that the use of telecommunication media and information technology in this era of globalization occupies an important position in order to facilitate the process of transactions, especially banking transactions and free trade. With the development of technology and information, it opens up opportunities for everyone to easily take legal actions, such as buying and selling banking transactions. In practice, internet banking is one of the service delivery channels in the banking sector which is closely related to technology, on the one hand it provides many benefits, but on the other hand it can also cause losses for customers. Therefore, there is a need for more specific legal protection for internet banking services.

Download Full-text

Antitrust regulation in the market of banking services

Russian competition law and economy ◽

10.32686/2542-0259-2019-4-60-67 ◽

2019 ◽

pp. 60-67

Author(s):

A. D. Bartsits

Keyword(s):

Financial Market ◽

Russian Federation ◽

Banking Sector ◽

Banking System ◽

The State ◽

Banking Services ◽

The Russian Federation ◽

Antitrust Regulation ◽

And Control

The article considers the financial market as an object of antitrust regulation and control, the banking services market. The importance of conducting antimonopoly control in the banking sector is given. The state of the banking system, as well as competition in the banking services market is analyzed. The interaction of two control bodies — the FAS of the Russian Federation and the Bank of Russia is given.

Download Full-text

The Factors Affecting the Trustworthiness of Customers towards the Usage of Internet Banking in Malaysia

International Journal of Business and Management ◽

10.5539/ijbm.v12n6p1 ◽

2017 ◽

Vol 12 (6) ◽

pp. 1

Author(s):

Uma Murthy ◽

Paul Anthony Mariadas ◽

Gopal Perumal

Keyword(s):

Regression Analysis ◽

Correlation Analysis ◽

Internet Banking ◽

Mobile Internet ◽

Mobile Banking ◽

Banking Services ◽

Factors Affecting ◽

Internet Users ◽

Year 2000 ◽

Internet Banking Services

The number of internet users in Malaysia is significantly high in comparison with other countries. It is reported that the number of internet users who were born in the year 2000 and above is almost near 70% in Malaysia. In 2015, the Malaysian internet users has exceeded to more than 19 million users. Therefore, the amount of banks that are implementing internet services to their customer is to be roughly 30. Meanwhile, there are only 13 banks in Malaysia that offers mobile banking services to its customers. Although there has been a rapid distribution of mobile internet by banks, internet banking services is still not fully adopted by banks. The objective of the study is to study about the factor affecting the trustworthiness of customers towards the usage of internet banking in Malaysia. This research is about the trustworthiness of customers towards the usage of internet banking. There are a few variables of factors that affect the trustworthiness of customers towards the usage of internet banking and it is clearly explained and elaborated. The factors are competency, security, integrity performance and shared values. Next, the methodology quantitative approach has used in this research whereby 200 respondents were sampled by the population from using the simple random taking. Employed the SPSS Version 22.0, the multiple regression analysis and correlation analysis was created out to test the four hypothesis for this research. Moreover, this research will be conducted in Kota Damansara, Malaysia.

Download Full-text

Regional Coverage with Banking Services and Regional Economic Health

SHS Web of Conferences ◽

10.1051/shsconf/20196202007 ◽

2019 ◽

Vol 62 ◽

pp. 02007

Author(s):

O.G. Lebedinskaya ◽

A.G. Timofeev ◽

M.V. Kurnikova

Keyword(s):

Public Administration ◽

Financial Literacy ◽

Banking Sector ◽

Banking Services ◽

Investment Protection ◽

The World ◽

Durable Solutions ◽

Regional Factors ◽

Economic Developments ◽

The One

Economic developments are rapidly accelerating, and the world is becoming even more complicated. Recently, the world has witnessed the trend toward the reduction of household contribution and growing contribution of non-financial corporations as well as the one of public administration to GDP within its institutional structure. The main problem in Russia results from huge territories and low interest of investors due to weak guarantees of investment protection. The banks with large state-owned shareholding do not always match their activities with the interests of the State. Low penetration of banking services into regions results from their low capitalization, low level of financial literacy, insufficient demand for banking services from the population and unfair competition posed by state-owned banks. With the general problems of banking sector added by regional factors, the derived statistics is extremely controversial. The solution of this problem needs durable solutions.

Download Full-text

Internet usage patterns and gender differences: a decision tree approach

10.31124/advance.8040185 ◽

2019 ◽

Author(s):

Dijana Kovacevic ◽

Ljiljana Kascelan

Keyword(s):

Decision Tree ◽

Internet Usage ◽

The Internet ◽

Modified Model ◽

Explanatory Variables ◽

Internet Users ◽

Usage Patterns ◽

And Gender ◽

The One ◽

Web Developers

the present study deals with a more detailed, and updated, modified model that allows for the identification of internet usage patterns by gender. The model was modified due to the development of the internet and new access models, on the one hand, and to the fact that previous studies mainly focuses on various individual (non-interactive) influences of certain factors, on the other. The Decision Tree (DT) method, which is used in our study, does not require a pre-defined underlying relationship. In addition, the method allows a great many explanatory variables to be processed and the most important variables are easy to identify. Obtained results can serve as to web developers and designers, since by indicating the differences between male and female internet users in terms of their behaviour on the internet it can help in deciding when, where and how to address and appeal to which section of the user base. It is especially important to know their online preferences in order to enable the adequate and targeted placement of information, actions or products and services for the intended target groups.

Download Full-text

An LQ Approach to Active Control of Vibrations in Helicopters

Journal of Dynamic Systems Measurement and Control ◽

10.1115/1.2801171 ◽

1996 ◽

Vol 118 (3) ◽

pp. 482-488 ◽

Cited By ~ 24

Author(s):

Sergio Bittanti ◽

Fabrizio Lorito ◽

Silvia Strada

Keyword(s):

Optimal Control ◽

Active Control ◽

Linear Quadratic ◽

Control Effort ◽

Vibration Effect ◽

Suitable Definition ◽

Lq Optimal Control ◽

The One ◽

Definition Of ◽

And Control

In this paper, Linear Quadratic (LQ) optimal control concepts are applied for the active control of vibrations in helicopters. The study is based on an identified dynamic model of the rotor. The vibration effect is captured by suitably augmenting the state vector of the rotor model. Then, Kalman filtering concepts can be used to obtain a real-time estimate of the vibration, which is then fed back to form a suitable compensation signal. This design rationale is derived here starting from a rigorous problem position in an optimal control context. Among other things, this calls for a suitable definition of the performance index, of nonstandard type. The application of these ideas to a test helicopter, by means of computer simulations, shows good performances both in terms of disturbance rejection effectiveness and control effort limitation. The performance of the obtained controller is compared with the one achievable by the so called Higher Harmonic Control (HHC) approach, well known within the helicopter community.

Download Full-text

Prevalence, awareness, treatment, and control of hypertension in Nigeria in 1995 and 2020: A systematic analysis of current evidence

Journal of Clinical Hypertension ◽

10.1111/jch.14220 ◽

2021 ◽

Author(s):

Davies Adeloye ◽

Eyitayo O. Owolabi ◽

Dike B. Ojji ◽

Asa Auta ◽

Mary T. Dewan ◽

...

Keyword(s):

Current Evidence ◽

Systematic Analysis ◽

And Control

Download Full-text

Structural comparison of CD163 SRCR5 from different species sheds some light on its involvement in porcine reproductive and respiratory syndrome virus-2 infection in vitro

Veterinary Research ◽

10.1186/s13567-021-00969-z ◽

2021 ◽

Vol 52 (1) ◽

Author(s):

Hongfang Ma ◽

Rui Li ◽

Longguang Jiang ◽

Songlin Qiao ◽

Xin-xin Chen ◽

...

Keyword(s):

Scavenger Receptor ◽

Host Cells ◽

Respiratory Syndrome Virus ◽

Swine Industry ◽

Prrs Virus ◽

Rich Domain ◽

Serious Disease ◽

The One ◽

And Control

AbstractPorcine reproductive and respiratory syndrome (PRRS) is a serious disease burdening global swine industry. Infection by its etiological agent, PRRS virus (PRRSV), shows a highly restricted tropism of host cells and has been demonstrated to be mediated by an essential scavenger receptor (SR) CD163. CD163 fifth SR cysteine-rich domain (SRCR5) is further proven to play a crucial role during viral infection. Despite intense research, the involvement of CD163 SRCR5 in PRRSV infection remains to be elucidated. In the current study, we prepared recombinant monkey CD163 (moCD163) SRCR5 and human CD163-like homolog (hCD163L1) SRCR8, and determined their crystal structures. After comparison with the previously reported crystal structure of porcine CD163 (pCD163) SRCR5, these structures showed almost identical structural folds but significantly different surface electrostatic potentials. Based on these differences, we carried out mutational research to identify that the charged residue at position 534 in association with the one at position 561 were important for PRRSV-2 infection in vitro. Altogether the current work sheds some light on CD163-mediated PRRSV-2 infection and deepens our understanding of the viral pathogenesis, which will provide clues for prevention and control of PRRS.

Download Full-text