Infrasructure must be ready, connectivity must be enhanced & security must be assured.

Is the use of mobile banking safer on smartphones equipped with Android or Microsoft Windowsor other system?

Did any of you conduct comparative research in the field of safety analysis of the use of online mobile banking on smartphones equipped with various operating systems and various security systems for data transfer via the Internet?

In addition, can anyone of you examine the problem of managing the risk of processing and transfer of classified data in electronic banking systems, including online, mobile banking with access to bank accounts through a smartphone?

If so, I invite you to discussions and cooperation, because I am studying these issues.

Currently, I also conduct research in the field of correlation of integrated credit, operational and technological risk management systems as well as data transfer security risk in online mobile banking.

Some online technology companies, including, for example, antivirus software vendors, conduct research in the field of cybercrime regarding online mobile banking.

Does anyone of you know the results of such research that would answer the question: Is the use of mobile banking safer on smartphones equipped with Android or Microsoft Windows or other operating system?

I am asking for answers, comments. I invite you to the discussion.

What would be the consequences for banks to fully inform banks' clients about cybercrime attacks on electronic online banking systems?

The analysis of banking Trojans consists in researching methods of cybercrime in the field of infecting the bank's information systems, both those which are intra-bank and those that serve bank customers as part of online mobile banking. Analysis of attacks by cybercriminals, for example, viruses popular in recent years, trojans of the ransomware type, which after encrypting computers encrypt data disks. In addition, other types of Trojan horses are used to steal sensitive data, personal customers or embezzlement of money from clients' bank accounts, extorting loans, etc. After analyzing methods used by cybercriminals, banks strengthen security systems, protect banking systems against these attacks, improve security and authorization tools online banking clients. In addition, the next step is to improve the risk management process of IT systems. I described these issues, among others, in the following publications:

In addition, cybercriminal attacks on electronic banking systems are probably much more than official statistics provide, because banks do not boast of these events if they do not have to.

This is because many of these cybercrime attacks are ineffective or have relatively low costs, and the identified gaps in the e-banking system are quickly repaired.

however, if the bank customers knew all these events of cyber-criminals, this could reduce the level of confidence in banks.

Then, bank customers could start to withdraw bank deposits from banks and dopiers on a massive scale, then a serious problem for banks would appear associated with a sharp increase in the level of liquidity risk.

In view of the above, the current question is: What would be the consequences for banks to fully inform banks' clients about cybercrime attacks on electronic online banking systems?

I invite you to discussion. greetings

The issues of key aspects of online banking security are described in the publications:

https://www.researchgate.net/publication/327094263_DETERMINANTS_OF_THE_SAFETY_OF_THE_ELECTRONIC_DAILY_TRANSFER_IN_THE_CONTEXT_OF_GLOBAL_TRENDS_ON_THE_INTERNET_DEVELOPMENT_OF_THE_MOBILE_BANKING

https://www.researchgate.net/publication/322239554_IMPORTANCE_AND_SECURITY_OF_INFORMATION_PROVIDED_BY_THE_INTERNET_IN_THE_CONTEXT_OF_THE_DEVELOPMENT_OF_ECONOMIC_ENTITIES_IN_POLAND

I invite you to discussion and cooperation. Greetings

Thank you good Q

Follower answer

Dear Prof. Prokopowicz,

We have tested the data on electronic banking post liberalisation and globalisation of the Indian capital markets and online trading of stock market including banking stocks, which makes banking networks cybernetic networks satisfying the Laws of String Theory Econophysics as we have discovered being internetworked also (Mallick (2007, 2010), Mallick (1993, 2011), Mallick, Hamburger & Mallick (2016, 2017, 2018)). We have discovered at least two properties of this systems equilibrium over spacextime. Firstly by the Emerging Market experiment that it is quantum mechanical which is captured by the fact that the pattern of the NPA/Loans & Advances metric graphically is stationary across all the spacextime systems classification and systems integration by Dbranes String condensation (Mallick (2012, 2014), Mallick et. al as above. Secondly, that the systems dynamics follows a path integral of systems equilibrium dynamics with a converging stable saddle path and a saddle point and that two in meanfield linearly which statistically i.e.econometrically can be cointegrated as a series, thus proving that Dbranes String Theory with learning field of financial type sectorial markets (state-space scaled in) (Mallick (1993, 2009), Mallick (2015), Mallick et. al. as above follows the String Matching Field Theory discovered therefore with the Higgs-Mallick mechanism of "vector diffeotopy of embeddings" which keeps satellite interferometry through these AGGNNNetworks of String Econophysics embedded in the Cybernetic Systems Field and information-energy "sustainable" thus satisfying Natural Earth-Atmosphere systems equilibrium which can be geodescicaslly applied to build for e.g. Externetworks - the Artificial Topology of the Econophysical Environment (Mallick, Raychaudhury & Mallick (2018)).

S.K. Mallick (corresponding author)

for S.K.Mallick, S. Raychaudhury, S.Mallick

of RHMHM School,

USA, Japan, India

The above question inspired me to the following considerations:

What would be the consequences for banks to fully inform banks' clients about cybercrime attacks on electronic online banking systems?

The analysis of banking Trojans consists in researching methods of cybercrime in the field of infecting the bank's information systems, both those which are intra-bank and those that serve bank customers as part of online mobile banking. Analysis of attacks by cybercriminals, for example, viruses popular in recent years, trojans of the ransomware type, which after encrypting computers encrypt data disks. In addition, other types of Trojan horses are used to steal sensitive data, personal customers or embezzlement of money from clients' bank accounts, extorting loans, etc. After analyzing methods used by cybercriminals, banks strengthen security systems, protect banking systems against these attacks, improve security and authorization tools online banking clients. In addition, the next step is to improve the risk management process of IT systems. I described these issues, among others, in the following publications:

In addition, cybercriminal attacks on electronic banking systems are probably much more than official statistics provide, because banks do not boast of these events if they do not have to.

This is because many of these cybercrime attacks are ineffective or have relatively low costs, and the identified gaps in the e-banking system are quickly repaired.

however, if the bank customers knew all these events of cyber-criminals, this could reduce the level of confidence in banks.

Then, bank customers could start to withdraw bank deposits from banks and dopiers on a massive scale, then a serious problem for banks would appear associated with a sharp increase in the level of liquidity risk.

In view of the above, the current question is: What would be the consequences for banks to fully inform banks' clients about cybercrime attacks on electronic online banking systems?

I invite you to discussion. greetings

The issues of key aspects of online banking security are described in the publications:

https://www.researchgate.net/publication/327094263_DETERMINANTS_OF_THE_SAFETY_OF_THE_ELECTRONIC_DAILY_TRANSFER_IN_THE_CONTEXT_OF_GLOBAL_TRENDS_ON_THE_INTERNET_DEVELOPMENT_OF_THE_MOBILE_BANKING

https://www.researchgate.net/publication/322239554_IMPORTANCE_AND_SECURITY_OF_INFORMATION_PROVIDED_BY_THE_INTERNET_IN_THE_CONTEXT_OF_THE_DEVELOPMENT_OF_ECONOMIC_ENTITIES_IN_POLAND

I described the problem of cybercrime in publications:

https://www.researchgate.net/publication/318789017_Prawne_i_spoleczne_aspekty_cyberbezpieczenstwa

https://www.researchgate.net/publication/327050905_Determinanty_rozwoju_cyberprzestepczych_atakow_na_systemy_informatyczne_firm_i_klientow_indywidualnych_w_instytucjach_finansowych

https://www.researchgate.net/publication/327043557_Analiza_bezpieczenstwa_ochrony_systemow_informatycznych_w_kontekscie_globalnego_cyberataku_ransomware_przeprowadzonego_w_dniu_27_czerwca_2017_r

https://www.researchgate.net/publication/327043522_Rozwoj_zlosliwego_oprogramowania_ransomware_jako_nowy_wymiar_cyberprzestepczosci_przejmowania_kontroli_nad_systemami_informatycznymi_firm_i_bankow

https://www.researchgate.net/publication/327136361_Ochrona_transferu_danych_osobowych_w_cyberprzestrzeni

https://www.researchgate.net/publication/327201844_Bezpieczenstwo_bankowosci_internetowej_i_uwarunkowania_elektronicznego_transferu_danych_w_technologii_Big_Data_w_Polsce

https://www.researchgate.net/publication/327201698_Prawno-spoleczne_determinanty_bezpieczenstwa_gromadzenia_i_transferu_danych_niejawnych_w_internetowych_portalach_spolecznosciowych

https://www.researchgate.net/publication/313473037_Zagrozenia_rozwoju_i_bezpieczenstwo_bankowosci_elektronicznej

https://www.researchgate.net/publication/327174147_Przestepczosc_elektroniczna_i_kradziez_poufnych_informacji_-_dynamicznie_rozwijajaca_sie_galaz_szarej_strefy

I invite you to discussion. greetings

Dear Prof. Prokopowicz,

I do not know whether you would want us to make more comments on this question but if you don't mind we want to come in. As you have observed in Prokopowicz (2018) that the process of internet data transfers for internet banking is a source of electronic fraud and discrepancies. I feel like first making the analysis that in terms of the information economics literature Radner & Stiglitz (1982) ? had obtained the result that information cannot be priced at equilibrium in competitive markets because secondary markets can come into existence by the same rules of rationality which achieves first best. Vasarheyli (1990) (JIS) has published a series of papers on the development of the XBRL which is the hypertext business reporting language for stock markets from XML i.e. the hypertext machine languages and observed in the case of financial reporting (of full and fair information of transactions) that the engineering of the reporting code hierarchy is as activity which is not exactly algorithmically similar to the writing of a program in machine language and hence errors in coding in true and fair reporting becomes "inevitable" because of the "jump quantum transitivity" (Mallick, Hamburger & Mallick (2018)) between Machine Language and Business Reporting Language, even though the hypertext convention has been made normal. This source of error builds the research gap for alternative methods of business reporting language coding. Hence, I would like to forecast that in reporting of banking transactions similar errors are naturally or mathematically likely to occur from the nature of the fields (Mallick (1993)) and may result in the same market failure result (of a different type Mallick et. al.) as Radner & Stiglitz et. al. had shown. I would like to draw your attention and that of the other readers to that particularly since emerging market countries like India are developing new approaches to the IFRS convergence as well as cybersecurity systems which are related.

S.K.Mallick (corresponding author)

for S.K.Mallick, S. Raychaudhury, S.Mallick,

for RHMHM School,

USA, Japan, India.

hello,

i invit you to see a very intesting study by George Cudjoe Agbemabiese

Article Determinants of Mobile Banking Adoption in the Ghanaian Bank...

Infrasructure must be ready, connectivity must be enhanced & security must be assured.

Online mobile banking is dynamically developing because pro-development factors continue to outweigh the factors limiting this development. The main development factors are the reduction of operating costs for banks and facilitating remote access to banking services, including mobile payments to clients. Currently, the only barrier to development can be increased activity of cybercriminals stealing data from online banking clients, hacking into online bank accounts of customers and robbing clients of financial means. However, banks have so far quickly identified this type of cybercrime incidents and have been gradually improving their mobile banking security systems. Another factor limiting the development of online mobile banking may be the number of people interested in this type of banking.

Best wishes

Following

Dear Friends and Colleagues of RG

In the area of electronic banking, including mobile banking, commercial banks improve technological solutions for the use of smartphones for the purpose of conducting financial transactions by clients.

Commercial banks spend the most resources on developing security systems, reducing gaps in online banking systems used by cybercriminals and improving IT systems risk management procedures.

The changes taking place in online banking, including mobile banking, are currently determined primarily by the technological progress related to telecommunications and IT devices.

Do you agree with me on the above matter?

Please reply

I invite you to the discussion

Best wishes

Dear Friends and Colleagues of RG Do you agree with my opinion that one of the main determinants of the development of online mobile banking will be the continuation of technological advances in the field of ICT and the Internet and improvement of security systems that secure online banking against hacker attacks?

Please reply

I invite you to the discussion

Best wishes

Following

We cannot exclue the central banks from the newly required mobile banking practices which are directed for all society interests . Thei role could be leading the whole process through incentives and supervising banks advancements with rewarding policies and special role to be adopted related to the security system and chalenges for mobile banking activities.

Few of the determinants of development in Mobile banking are:

1. Smartphone availablity (how cheap the smartphone will be.....)

2. Cheap data rates

3. Growth of wealth, reduction in wealth inequality

4. Degree of security awareness among consumers.

5. IT system improvement (security)

6. Innovation in mobile banking.

Following are important determinats for successful mobile banking:

well established communication system.

Usin multi languages enabling non national dealers with banks to follow without suffering.

Educating customers on how to use mobile banking efficiently and safely.

Using non cmplicated and popular software .

Yes Sir, increaing connectivity, penetration of low cost smartphones and fast speed internet connection availability at affordable prices, improved security system are the major determinants for mobile banking..

Therefore, in the context of the above considerations, the following important question appears:

Is the security of information transfer on the Internet, the issue of cybercrime are currently one of the most important topics in the issue of the development of online e-banking?

Is the question of the security of information transfer on the Internet, the issue of cybercrime in the development of online mobile banking and electronic banking risk management are currently one of the most important topics in the development of online e-banking?

In my opinion, the issue of the security of information transfer on the Internet, the issue of cybercrime in the development of online mobile banking and electronic banking risk management are currently one of the most important topics in the topic of the possibility of developing online electronic banking.

From all risk categories that are researched and for whom risk management systems are being improved in commercial banks, it is the risk management of information systems and data transfer security risk in electronic banking that is currently the type of commercial banking risk that banks currently devote the most to improving process management of information systems risk and data transfer security risk in online electronic banking.

Do you agree with my opinion on this matter?

In view of the above, I am asking you the following question:

Is the security of information transfer on the Internet, the issue of cybercrime are currently one of the most important topics in the issue of the development of online e-banking?

Please reply

I invite you to the discussion

Thank you very much for your response and participation in the discussion

Best wishes

In the context of the above considerations, the following question is also current:

Will only electronic online banking develop in the future?

Online mobile banking is currently intensively developing in many countries.

Will traditional banking, in connection with this, cease to function and will be replaced entirely only by electronic internet banking, including mobile banking?

Will cash withdrawn completely and use only electronic money? In connection with the above, will only the electronic online banking develop in the future?

Please answer

Thank you very much

Best wishes

In addition, I note the interesting discussion inspired me to the following considerations:

Will future banking become electronic banking?

Will future banking become electronic internet banking, including largely mobile banking based on the Internet of Things and artificial intelligence and other advanced information processing technologies typical of the current technological revolution, known as Industry 4.0, implemented for banking?

Please reply

Best wishes

In the context of the above considerations, the following question is also current:

Is the online mobile banking currently offered mainly on smartphones also extended to other devices functioning as part of the Internet of Things technology?

Please reply

In addition, I note the interesting discussion inspired me to the following considerations:

Is the question of the security of information transfer on the Internet, the issue of cybercrime in the development of online mobile banking and electronic banking risk management are currently one of the most important topics in the development of online e-banking?

In my opinion, the issue of the security of information transfer on the Internet, the issue of cybercrime in the development of online mobile banking and electronic banking risk management are currently one of the most important topics in the topic of the possibility of developing online electronic banking.

Do you agree with my opinion on this matter?

In view of the above, I am asking you the following question:

Is the security of information transfer on the Internet, the issue of cybercrime are currently one of the most important topics in the issue of the development of online e-banking?

Please reply

I invite you to the discussion

Thank you very much for your response and participation in the discussion

Dear Friends and Colleagues of RG,

I described the problem of cybercrime in publications:

Chapter Determinanty rozwoju cyberprzestępczych ataków na systemy in...

Chapter Analiza bezpieczeństwa ochrony systemów informatycznych w ko...

Chapter Rozwój złośliwego oprogramowania ransomware jako nowy wymiar...

Article Ochrona transferu danych osobowych w cyberprzestrzeni

Chapter Bezpieczeństwo bankowości internetowej i uwarunkowania elekt...

Chapter Prawno-społeczne determinanty bezpieczeństwa gromadzenia i t...

Article Zagrożenia rozwoju i bezpieczeństwo bankowości elektronicznej

Chapter Przestępczość elektroniczna i kradzież poufnych informacji –...

I invite you to discussion and cooperation.

Best wishes

In the context of the above considerations, the following question is also current:

The main determinants of the dynamic development of mobile banking?

Online mobile banking is dynamically developing because pro-development factors continue to outweigh the factors limiting this development.

The main development factors are the reduction of operating costs for banks and facilitating remote access to banking services, including mobile payments to clients.

Currently, the only barrier to development can be increased activity of cybercriminals stealing data from online banking clients, hacking into online bank accounts of customers and robbing clients of financial means. However, banks have so far quickly identified this type of cybercrime incidents and have been gradually improving their mobile banking security systems.

Another factor limiting the development of online mobile banking may be the number of bank customers interested in this type of banking.

What are the other key determinants of the development of mobile banking?

Please answer

Best wishes

In view of the above, it is also important to include in the above discussion also the following issue:

Internet mobile banking + technologies Industry 4.0 = fintech Internet banking?

If Industry 4.0 technologies are implemented for online mobile banking, will internet banking be able to develop towards a business operating in the fintech formula?

Currently, in many countries intensive development of computerized technologies typical for the current technological revolution defined by industry 4.0 is being carried out. ie artificial intelligence, data processing in the cloud, development of applications in science and Business Intelligence analytics, data analysis in Big Data database systems, implementation of BlockChain technology for billing systems and electronic transaction security, use of Internet of things technology, machine learning etc. in various fields of scientific and business activity.

Therefore, if technologies typical for Industry 4.0 are implemented for the online mobile banking, will electronic online banking be able to develop towards a business operating in the fintech formula?

Please reply

Best wishes

Therefore, in the context of the above considerations, the following important question appears:

If artificial intelligence is implemented for the online mobile banking, can this banking segment be deprived of human capital?

If artificial intelligence is implemented for the online mobile banking, can this banking segment be deprived of employing human capital altogether?

Please reply

Best wishes

In the context of the above considerations, the following question is also current:

Is the use of mobile banking safer on smartphones equipped with Android or Microsoft Windowsor other system?

Did any of you conduct comparative research in the field of safety analysis of the use of online mobile banking on smartphones equipped with various operating systems and various security systems for data transfer via the Internet?

In addition, can anyone of you examine the problem of managing the risk of processing and transfer of classified data in electronic banking systems, including online, mobile banking with access to bank accounts through a smartphone?

If so, I invite you to discussions and cooperation, because I am studying these issues.

Currently, I also conduct research in the field of correlation of integrated credit, operational and technological risk management systems as well as data transfer security risk in online mobile banking.

Some online technology companies, including, for example, antivirus software vendors, conduct research in the field of cybercrime regarding online mobile banking.

Does anyone of you know the results of such research that would answer the question: Is the use of mobile banking safer on smartphones equipped with Android or Microsoft Windows or other operating system?

I am asking for answers, comments.

I invite you to the discussion.

Banking sector is becoming one of the first adopters of Artificial Intelligence. The evolution of Mobile banking has great potential to cut down the bank expenses, eliminates the need to hire any additional human workers, goes ecofriendly by saving printing and delivery charges, mobile transactions are at least ten times cheaper than ATM transactions.

The online and mobile banking come with their own set of vulnerabilities, therefore banks add app secure by introducing security solutions and features like gesture patterns and biometric data including fingerprints and retina scans to fortify the existing measures like password protection and two-factor authentication.

Dear Colleagues and Friends from RG, The directions of development of applications of Industry 4.0 technology, including artificial intelligence in online banking, including in the field of development of electronic internet and mobile banking are huge. Has anyone of you conducted comparative research in the field of security analysis of the use of online mobile banking on smartphones equipped with different operating systems and various security systems for data transfer via the Internet? In addition, maybe someone of you investigates the issue of managing the risk of processing and transfer of classified data in electronic banking systems, including online, mobile banking with access to bank accounts via smartphone? If so, I invite you to discuss and cooperate because I am researching this issue. Currently, I am also conducting research in the field of correlation of integrated credit, operational and technological risk management systems as well as security risk of data transfer in online mobile banking. Some online technology companies, including, for example, antivirus software companies are conducting cybercrime research on online mobile banking.

In principle, the financial sector belongs to those sectors in the national economy in which the possibilities of using ICT, Internet and Industry 4.0 technologies including artificial intelligence, learning machines, Internet of Things, Business Intelligence, Big Data, Data Analytics etc. are the largest. Some of the ICT, Internet and Industry 4.0 information technologies have been implemented for many years in sales systems, electronic internet and mobile banking systems, for banking analytics, for financial risk management etc. in financial institutions. However, the use of the huge opportunities offered by artificial intelligence in the field of finance is just beginning, but the potential for this use is huge.

On the other hand, large commercial banks generate high financial surpluses enabling the implementation of modern integrated IT systems, online banking, Business Intelligence data analysis systems, data processing platforms in Big Data database systems, etc. There have already been situations of unethical use of modern ICT solutions, analysis of comments contained on social media portals, during which the bank verified the customer data entered in the loan application also by scanning the information that the potential borrower enters in the social media comments. This informal verification took place without the knowledge of the potential borrower and then may be the basis for suing the bank. However, the bank's client is not always aware that he can be monitored in such a way by public trust institutions as the bank should be. Of course, these types of cases, which we know from the media is supposedly a margin of the entire banking, which can be one of the categories of a new type of unethical practices typical of the so-called Shadow Banking. However, only part of this type of information gets into the media. Perhaps it is only so-called the "tip of the iceberg" of this problem. The situation is similar in the situation of cybercriminals' attack on banking ICT systems or electronic banking platforms. If this type of event can be kept secret, customers do not find out. This is because the media only receives information about some of these types of events.

However, the development of artificial intelligence applications in the financial sector makes it possible to continue to improve the techniques of selling financial products through electronic online and mobile banking. The development of artificial intelligence generates the building of additional tools on websites that facilitate communication with a potential customer. Electronic advisors appear on the websites of corporations providing financial, insurance, consulting services, etc. are these types of customer support tools designed to reduce personnel costs or rather to activate sales of a company's product or service offer?

Some researchers on artificial intelligence indicate that in the future many professions, including work performed by people, will be replaced by artificial intelligence. It is pointed out for example advisors in call center departments and commentators writing comments on internet forums etc. that they will be replaced by artificial intelligence. Apparently, internet technology companies operating social media portals are working on artificial intelligence, which will take over part of the activities of the user of the social media portal. But some artificial intelligence researchers suggest that artificial intelligence can also replace advisors in the field of high qualifications and direct contact with people, which is highly debatable. In such theories, you can find suggestions that, for example, doctors in some specialties and general practitioners will be replaced by artificial intelligence. Sometimes these theories also point to engineers, for example, whose specialties are to be replaced by artificial intelligence, but with regard to engineers it will depend on the specific technical specialty.

An indirect but significant competition for the development of financial systems has now begun between banks and other financial sector institutions and technology companies operating mainly or exclusively on the Internet called fintechs. one of the factors of this competition is the issue of effective implementation into its operations in the field of finance, financial services, Internet billing, information technology, ICT, Internet, Industry 4.0 including artificial intelligence, learning machines, Internet of Things, Business Intelligence, Big Data, Data Analytics , besides blockchain technology, cryptocurrency, cloud computing and other advanced data mining technologies, etc. I have discussed the problems of using artificial intelligence in the financial sector in my Questions and Discussions held at this Research Gate discussion forum. However, the problems of using other ICT information technologies, Internet, Industry 4.0 including Big Data database technologies, analytical Business Intelligence and other applications in financial institutions are described in my scientific publications available on the Research Gate portal. I invite you to cooperation.

Do you agree with me on the above issues?

Please reply

I invite you to discussion

Thank you very much

Best wishes

Dariusz Prokopowicz

The stable growth of users of banking mobile applications is due to several factors at once. Firstly, the mobile application allows you to work with finances wherever it is convenient for you. Secondly, the functionality is constantly growing in it. Today, our mobile applications have the basic functions for the operational management of a business from anywhere.