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Word Count: 1,084
In our society today web security has enhanced rapidly especially in internet banking Internet banking is a new method for individuals to view their financial information online Although this new integrated method is more convenient it also has risks In the past databases for banks were only accessible to employees and threats damaging the databases were rare However society has changed since then and technology is continuously advancing by the second making companies more susceptible to the external threats such as viruses or worms These threats are only a few to name for there are thousands that can manipulate the information in your documents Moreover because of the increasing amount of external threats bank databases must have the highest level of security to be sure that they can protect their clients information as well as their own If the highest level of security is not integrated a clients information can be tampered with in a matter of seconds With the amount of external threats accumulating each day internet banking can create unbearable chaos in many individuals lives The importance of web security lies within these reasons clients can be left with their accounts tampered banks will lose their reputation for providing inadequate services and insurance companies will lose money because banks will have to claim their insurance A real life example of chaos happening is when a fake website in 2003 was made to fool clients of a specific bank to give their passwords and usernames This website had a similar interface to Hong Kongs bank called HSBC The person who designated this website had a pop up window appear in many individuals web browsers asking them to enter their user ID and password 1 The reason stated was because the bank was having an emergency and Page 2 of 6 needed to store all the clients information again or else it would be lost Frantic and confused clients entered their user ID and
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