The literature
presented in this paper shows that the online banking service is vulnerable to attacks from Internet-savvy
hackers and thieves. The paper argues that it is not totally safe to perform online banking and bases this opinion on the facts as
presented in the body of literature available. It explains that the most important thing a
customer can do - and banks can do - is stay informed and utilize cutting edge security systems, including virus scans and virus removers. Another important thing a customer should do is make sure that he or she is protected against financial loss, in particular if the bank is responsible for the breach in security. It concludes that if a bank refuses to offer written contractual assurance against Internet theft as a result of flaws in its server or other technologies, a customer would be wise to change banks. Security on the Web - What are the Key Issues for Major Banks? Abstract Introduction The Internet's History Online Banking: The Problems, the Concerns, and the Possible Solutions Cyber Corruption Conclusion