The Role Of Information Technology On Fraud Detection And Prevention (case Study Of First Bank Plc)

It is universally accepted that for the smooth functioning of a money market and economic growth of a country, an efficient and good banking system is a must. Modern technology has taken the world by storm in recent decades. Particularly, the advent of the computer has completely revolutionized the way people live, work and play. Computers have affected businesses in numerous ways, allowing them to run more efficiently. However, there is a dark side to computers when individuals use them to lash out malicious assaults. These assaults may include fraud; identify theft, hacking, embezzlement and…