Prevalence of Electronic Fraud in Nigeria Banking System

International Journal of Computer Trends and Technology (IJCTT)          
© 2019 by IJCTT Journal
Volume-67 Issue-3
Year of Publication : 2019
Authors : Amaefule I.A, Onu F.U
DOI :  10.14445/22312803/IJCTT-V67I3P116


MLA Style: Amaefule I.A, Onu F.U, "Prevalence of Electronic Fraud in Nigeria Banking System" International Journal of Computer Trends and Technology 67.3 (2019): 78-87.

APA Style:Amaefule I.A, Onu F.U, (2019). Prevalence of Electronic Fraud in Nigeria Banking System. International Journal of Computer Trends and Technology, 67(3), 78-87.

The involution and dependence on technology by present time enterprise as well as the increasing ease of access to the internet by all and sundry, have given rise for more opportunities for electronic fraud and other form of exploitations. The paper has presented the prevalence of Electronic Fraud in Nigeria Banking System. The study aimed to investigate the electronic fraud rates in Nigeria Banking System. Data were obtained through structured questionnaires and various secondary sources. The responses obtained from majority of respondents, were of the opinion that electronic banking is a convenient way to carry out financial transaction and manage finances. Also significant majority expressed their concerned in rapid increasing trend of electronic banking fraud and payment system, which has become a potent threat to the Nigeria banking industry. Also various secondary sources have provided substantial report on e-fraud cases in banking industry. However, there is need to focus on effective ways to reduce the incidence of e-fraud by reviewing, strengthening existing and enacting appropriate security laws that guarantee safe online transaction for users and stakeholders.

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E-fraud, Internal Control, E-Payment, Banking System.