The range of services that can be provided through electronic banking is very broad, since most of the operations carried out in the physical offices of financial institutions can be emulated, provided that the user can be correctly identified when required by current regulations. In any case, it is common for technology to already offer all possible solutions to provide the necessary services. The operations that can be carried out through electronic banking can be classified, from the entity's point of view, as:
Asset operations : Credits, loans, financial leases, bank, financial and certification discounts, overdraft cancellation, factoring and confirming.
Passive operations : Demand and term deposits, structured deposits, current accounts, certificates of deposits.
Financial intermediation operations : in this type of operation, entities carry out contact work between persons or entities requesting and offering funds, for example, acquisition of public debt, investments in private fixed income, investments in variable income, investment funds and pension plans, life insurance and savings plans or derivative products.
Security in the use of electronic banking
Financial institutions must guarantee maximum security in all their applications and, similarly, users must adopt the necessary measures to prevent cyberattacks. All of this requires the analysis of possible threats, vulnerabilities, probability of attacks and their impact, which are detailed in a Security Plan that covers all the weak points of the system.
The main threats that can affect computer systems can be classified as:
Physical threats: possible power supply romania phone data failures (not due to direct human intervention), adverse weather conditions (droughts, extreme humidity, etc.) or natural disasters (floods, earthquakes, fires, etc.). Systems should have prevention mechanisms against their effects.
Logical threats: These refer to programming errors or errors in information transmission systems that may be exposed and lead to illegal attacks against the computer system.
Cybercrime: direct and programmed attacks, aimed at the system, carried out by people seeking personal gain or simply to cause harm to the organization. In most cases, they will take advantage of the materialization of physical or logical threats.
The main security measures that online banking has implemented to combat these threats are: use of antivirus, choice of complex passwords, use of firewalls, use of encryption software, limitation of access to data based on profile types, etc., as well as physical measures, such as making backup copies, hardware and software redundancy or protection against physical risks, among others.