WEB SECURITY OF INTERNET BANKING WEB APPLICATIONS IN PAKISTAN-AN EXPLORATORY STUDY

Abstract

In the last decade or so the world of internet or more appropriately known as web has evolved drastically. People from all walks of life seem to engage with web for one reason or another. This is due to the fact that within few clicks remotely you can get the desired information across the globe, the web evolution from static .com page representing company’s online presence to complex web sites accommodating complex needs of end users has open a new venture for cyber criminals and new dimension for I.T security professionals to explore. Pakistan has also experience the effect ofthis global empowerment of Web. Based on it almost every bank in Pakistan offers internet banking service to its customers, which is a great ad on to banking services but internet banking inherits the unique security issues of web plus the additional security issues which are unique to Pakistani society. The presented research study explores the web security issues relevant to Internet banking in Pakistan. An exploratory study has been conducted that is based on the web security issues of internet banking in Pakistan. Results show that majorly the importance of internet banking web security controls by security professionals in the banks is paid to network level controls by using network security devices i.e Firewalls. And whether the I.B web application is developed in-house or outsourced the needed emphasis hasn’t been paid to SDLC security controls.