Banking Crime in The Digital Age: Tackling Emerging Challenges
Year: 2025
Type: article
Abstract: The rapid advancement of technology has significantly changed the banking industry, allowing for quicker transactions, improved customer experiences, and worldwide connectivity. However, this technological progress has also opened the door to complex banking crimes, including cyberattacks, data breaches, and identity theft. This research examines the intricate challenges that come with integrating technology in banking, focusing on how financial institutions manage the delicate balance between innovation and security. Using a multidisciplinary approach, the study incorporates case studies, regulatory frameworks, and technological safeguards to identify vulnerabilities in digital banking systems. It also evaluates the effectiveness of current legal and institutional measures in tackling emerging threats. The findings indicate that while technology-driven solutions can provide potential defenses, shortcomings in cross-border collaboration and adaptive regulation impede effective crime prevention. Recommendations stress the importance of unified global policies, advanced threat detection systems, and ongoing staff training to address these evolving challenges.
Author: Manotar Tampubolon,
Institutions: Universiti Teknologi MARA System, Universiti Teknologi MARA
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W6893395206
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