1. INTRODUCTION: Today's society is totally dependent on automated financial services such as wire transfer and online banking. Over the past few years, we have learned that fraud has evolved into wire transfer and online banking fraud, with many new types of malware being deployed on banks that have not yet implemented robust solutions. Even though online banking fraud has existed for many years, very few cases have been filed. Reports of fraud cases are almost exploding and banks are looking for ways to protect their online banking channel. Most online banking fraud schemes involve two steps. First, the criminal obtains the customer's account access data, which involves the login name and password. The next step, the criminal uses this information to transfer money to other accounts and withdraw the funds. All these fraud cases are being addressed and many prevention measures are about to be implemented across the world.2. WHAT HAPPENED IN THE PAST: Intruders are using new techniques, such as malware activities, to engage in bank transfer fraud. A ...