• SANTOSH KUMAR
• Dr. Sumita Sinku

In the economic development of a country, the role of financial sector is very vital and significant. Banking is the key element of an economy. The economic growth needs a strong and healthy banking system. The application of internet in banking organizations has renovated the banks. It has benefitted both the customers as well as banks. E-banking refers to a method that allows a consumer to conduct personal or commercial banking transactions over an electronic or telecommunication network. It has undergone a number of changes as a result of technological advancements and innovation like the introduction of the electronic card, the Electronic Clearing Service, the Electronic Funds Transfer, and the enactment of online banking and mobile banking. Due to convenience and flexibility, e-banking is becoming more popular. Cyber attackers are constantly attempting to get unauthorized access to financial and corporate information in order to commit fraud. E-banking fraud is a kind of fraud in which money is unlawfully taken from a bank account and or transferred to another bank account utilising online technologies. It is generally done using techniques such as phishing, lottery fraud scams, spam, and spyware, card skimming, and hacking. Customers easily fall into the trap of internet scams or frauds conducted by fraudsters due to ignorance or simple mistakes. The goal of this study is to identify the various e-banking services and products available in India as well as to investigate the issues that the e-banking business faces. The study also intends to describe the various forms of cybercrimes that occur in e-banking and to examine the efforts taken to combat cybercrime in the banking industry. The Study indicates that due to the rapid advancement of technology, banks must examine their rules and strengthen their systems for getting control over cyber fraud in e-banking. Banks can educate clients about financial frauds and how to prevent them by posting information on their websites. They should take adequate steps to combat these crimes, such as hiring workers with strong IT backgrounds who are properly trained, skilled, and knowledgeable. Banks and customers win the race for a better tomorrow when they work together.

E-banking, Information technology, Cybercrimes, Regulations and Cyber security

"INTERCONNECTIVITY OF E-BANKING AND CYBERFRAUDS IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 1, page no.a614-a620, January-2022, Available :http://www.jetir.org/papers/JETIR2201083.pdf

"INTERCONNECTIVITY OF E-BANKING AND CYBERFRAUDS IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 1, page no. ppa614-a620, January-2022, Available at : http://www.jetir.org/papers/JETIR2201083.pdf