DESIGN AND IMPLEMENTATION OF SOFTWARE TO PREVENT BANK FACILITIES BY FRAUD STAR/HACKERS

ABSTRACT Online banking along with the security structures that accompany it have been marked with strong growth in recent years hence eliminating the physical need by the customers to assemble themselves in hallways within the banks. The ease that-enabled devices, using the internet, provide people with the opportunity to carry out the financial transactions within the comfort of their own homes therefore saves those spatial and time limitations that are due to the traditional ways of banking. The online banking has brought over a plethora of benefits as online banking replaces the traditional branch banking services, which also bring value to customers and simplify the daily financial operations, thus resulting to a more efficient and less cumbersome lifestyle to the end user. Considering the widespread use of online banking, there is the sudden need to discuss the issue of security that stems out of increased susceptibility to fraudulent behavior. In this regard, securitization of the digital way of financial transactions requires extreme consideration on the measures that prevent illicit action. Introduction of the Location-Based Services (LBS) is central to enhancing security due to its ability to provide real time spatial information. L