Digitization is almost everywhere these days. The banking sector is no exception. With the advent of digitization, the use of digital banking or net banking, as it is more popularly known, is becoming quite common. It is the use of the banking solutions driven by internet connections. For example, transactions are being done digitally without visiting the bank, or the accounts are being opened right from home. This surely is giving rise to different types of online security issues as well. To thwart the online threats, banks are going for different types of digital risk management solutions . These threat management solutions are aimed at securing information as well as creating a smooth experience for the users. Why Security is Necessary for Banking? Banking involves different kinds of transactions and other activities. And it deals with money. Therefore, any breach of security can result in loss of money for the customers. On the other hand, if the hackers can find some way in, they ...