Cyber security and its Threats to Banking Industry.

Cyber Security is the way to protect data and information from the theft and threat. Cyber security covered major area such as Network security, Hardware and software security, information security etc. Cyber security in which data are protected and made secure from the hackers, threats .
Different kind of malware such as Trojen Horse , spyware, virus , ransomware damage or corrupt the data. from ordering food to booking flight , payment are done by online. All the transactions ion are made online. so cyber security plas a crucial role in digital era.

Cyber Security in E-banking System   :
 Recent Government  initiatives "Digital India" and "Demonetization" have brought major boom in digital era. During this a large number of transactions and payments are made online. Due to which more focus needs to given to strengthening financial cyber security.Banking system is extremely vulnerable to cyber frauds. This sectors have been seen various frauds and cyber attacks.
The recent outbreak of global cyber attacks done by a malware known as "WANNA CRY Ransomware" locks access to user files ans is on screen messaged , demands a hefty payment in the virtual currency 'Bitcon' in order to decrypt message. The malware is being said to have a potentials attacks to ATM and ecrypt users details. such as viruses are not encountered on time then it may be very dangerous to digital era and can cause to harm the economy as well as break the consumer's trust towards the banking especially in e-banking system.