E-Mails are just like postcards from which the information can be viewed by anyone. When a mail is transferred from one mail server to another mail server there are various stops at which there is a possibility of unauthorized users trying to view the information or modify it. Since a backup is maintained for an e-Mail server all the messages will be stored in the form of clear text though it has been deleted from your mailbox. Hence there is a chance of viewing the information by the people who are maintaining backups. So it is not advisable to send personal information through e-Mails.

Phishing is a way of attempting to acquire information such as usernames, passwords, PIN,bank account, credit card details by masquerading as a trustworthy entity details through electronic communication means like e-mail. Phishing is typically carried out by e-mail spoofing or instant messaging and it often directs users to enter details at a fake website whose look and feel are almost identical to the legitimate one. Phishing is an example of social engineering techniques used to deceive users.

The Automated Teller Machine (ATM) was first commercially introduced in the 1960s. By 2005, there were over 1.5 million ATMs installed worldwide. The introduction of the ATM proved to be an important technological development that enabled financial institutions to provide services to their customers in a 24X7 environment. The ATM has enhanced the convenience of customers by enabling them to access their cash wherever required from the nearest ATM. Financial institutions have implemented many strategies to upgrade the security at their ATMs and reduce scope for fraud. These include choosing a safe location for installing the ATM, installation of surveillance video cameras, remote monitoring, anti-card skimming solutions, and increasing consumer awareness by informing them of various methods of safeguarding their personal information while transacting at the ATM or on the Internet.

Online Banking can also be referred as Internet Banking. It is the practice of making bank transactions or paying bills through the internet. We can do all financial transactions by sitting at home or office. Online banking can be used for making deposits, withdrawals or we can even use it for paying bills online. The benefit of it is the convenience for customers to do banking transactions . The customers need not wait for bank statements, which arrive by e-mail to check their account balance. They can check their balance each and every day by just logging into their account. They can catch the discrepancies in the account and can act on it immediately.

Eco cash is a ussd banking channel that allows users to manage their banking transactions on the econet network mobile simcard.The user can send and recieve money,Buy airtime,pay bills and school fees