Disadvantages of Internet Banking

The major drawbacks suffered by Internet or online banking are as given below:
• Security remains the number one drawback of internet banking, password safety being of utmost importance.
• Increased cyber-attacks, as the reliability is under threat as due to fraud thereby raising security based questions on the banks.
• A common scam that targets banking customers is an email that appears to be sent from their bank requesting account passwords and details.

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