Cyber fraud and protection methods

In this research, it is intended that the banking and on-line payment transaction can be carried out safely by recognition methods and precautions to be taken from the fraud encountered in this area to create awareness. By entering to every aspect of our lives, information technology has brought many conveniences. In addition to time saving, it has also increased the variety of products and services. Thus, while we had to get out of the house for shopping and banking, now we are able to do those through computers and smartphones. Technology has increased the service quality for banking and online shopping in terms of speed, time, cost, comfort and security, and so increased user satisfaction. However this technology, when fell into hands of malicious people, can become a very dangerous weapon and threaten the economic and social life of people. While in the classical sense of the term fraud, the victim and the conman are located in the same place, but when information technology is involved, fraud can be carried out from different locations even from different countries. In this respect, technology has facilitated crime committing. Conmen, taking advantage of the easiness of transferring large amounts of money in short time, has developed new methods of fraud. That is why missing a small safety precaution can lead to big financial losses. When we look at IT fraud, we can see that a wide range of victims, from a normal citizen to a high level public servant, or a professor with an academic career, is involved. This thesis is prepared, the solutions were made for minimizing the financial losses, by departing from these victimizations. In this study, descriptive survey model have been used and research data have been obtained by literature scannning. Cyber concept, that the fundemantel of the thesis, is limited forms, as banking and on-line payment transactions. Eventually, for the purpose of minimizing incidents encountered by cyber fraud and maximizing the security to the highest level, (by) different security solutions have been recommended except of the card and password information used as the security parameters in banking.