Question - Essay on Banking Security and Biometrics: Combating External Fraud through Computer Technology
Financial institutions such as banks are very important in the smooth functioning of the economy. But more often, banks are increasingly becoming targets for frauds. Every year, banks have to go through these huge losses. In order to prevent such frauds from taking place, biometric systems have been recommended for banks. The present project answers various questions about how to implement a biometric system in a bank, what are the odds against it and what are the odds which support it, the cost of implementation of such a security measure and the gain, the bank can obtain in the long run and many more are discussed in detail in this project.
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