Topic > online banking - 605

Jalal HafidiMIS5206 .001– HDFC Case Analysis 11. What if anything should HDFC do to make existing customers safer? First of all, the whole system can be compromised no matter what happens, impossible means it hasn't happened it hasn't been done yet in the IT field. HDFC is still quite new in the market, with the technological trend, online banking will be the most challenging and vulnerable part of the game. HDFC appears to have fairly robust security systems and procedures, however, its models have not yet matured, which could cause inconvenience to customers and/or an opportunity for hackers to test and brush up on their hacking skills. HDFC has identified its mission as becoming "a world-class Indian bank", as much as it may seem from a business perspective, hackers find it fun to take down this bank. It will inevitably become a target for sophisticated attacks. HDFC already has a technology-intensive system to analyze transactions and assign them a risk rate: the higher the rate, the higher the chance that it is a fraud. Provides a pause period for the transaction to complete completely, uses standard checks as such...