Monetary and Banking Research Institute
Date:1/30/2019 11:58:56 PM   |   Code : 294197
The head the Iranian Cyber Police, FATA, reported 85 percent increase in cyber-crime compared to that of last year and said creation of single-use passwords can prevent bank fraud.
The head the Iranian Cyber Police, FATA, reported 85 percent increase in cyber-crime compared to that of last year and said creation of single-use passwords can prevent bank fraud.
The head the Iranian Cyber Police, FATA, reported 85 percent increase in cyber-crime compared to that of last year and said creation of single-use passwords can prevent bank fraud

Mostafa Norouzi on the sidelines of the 8th annual Conference on Electronic Banking and Payment on Wednesday noted it is of importance to protect customer’s personal banking information in electronic banking system and keep them confidential.

Norouzi added that security is a relative issue and has no absolute measure.

He further explained that people’s behavior in the social media can jeopardize their security and warned them to take caution while they use the media.

He addressed some of the challenges before the electronic banking.

The first challenge is unauthorized withdrawal from bank accounts through ‘fishing technique’; although now a newer phenomenon has arrived that can easily sale people’s account information, he explained.

Next is bank card skimming and that is when crooks use a small device to steal credit card information in an otherwise legitimate credit or debit card transaction.

He added there have been talks on increasing the punishment for cybercriminal.

He said FATA is tasked with countering various types of crimes including traditional crimes, traditional-cybercrimes.

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