“An increasingly high percentage of the world population is adopting the Internet and the global financial transactions are increasingly Electronic. By year 2020 the entire world population would have Interenet access on demand. Under such a scenario, the greatest threat to global finances is Cyber Security. A breach could have catastrophic consequences”
a. What are the positive aspects of adoption of Electronic Finance globally?
b. What are the major challenges due to the increasing use of E-Finance?
c. What should Governments, and Financial institutions do to preserve and protect citizens and ensure they are not exploited by vested interests in the cyber world?
d. What are the costs and potential benefits of Cyber Security.