Research proposal Essay Example | Topics and Well Written Essays - 2000 words - 2

Research proposal - Essay Example 1-14, 2007) are offering online banking services and online trading services to their customers and consumers around the globe. In addition, various financial institutions are involved in including new technological updates in their systems that is enabling them to provide efficient services to their customers. In the result, reports (Mannan, pp. 1-14, 2007) indicate enormous increment in the number of users of online banking services that show alteration in the consumer behavior, and thus, banking institutions are continuing their updates, and at the same time, endeavoring to ensure security and safety of customer’s money. In other words, one can converse from such analysis (Azari, pp. 55-60, 2003) that information technology has completely altered the notion of banking and trading in an obvious manner due to inclusion of automation in almost every process that has made lives easier. However, still, in midst of such extensive amount of technologies, experts and researchers (Yap, pp. 440-445, 2006) believe that financial institutions are still incapable of providing 100% security to their customers. Even marketing brochures and advertisement materials indicate high-level security; however, studies (Oyungerel, pp. 39-56, 2008) have indicated that even financial institutions are thems elves not sure about their claim in the advertisements. In addition, a number of reports (Mannan, pp .1-14, 2007) have shown cases of identity theft, credit card theft, bank account thefts, etc that indicates the vulnerability of online banking or online trading services. Although various experts (Mohay, pp. 23-39, 2003) have appreciated the impact of technological advancements in the form of online banking; however, scrutiny of resources has identified a number of reports (O’Gara, pp. 59-64, 2004) that have recognised vulnerable nature of online