Bank Frauds Using Digital Devices and the Role of Business Ethics

Aftab Ahmad Malik

Abstract

The paper focuses on the use of digital devices to commit the banking frauds in collaboration with bank employees. There have been enormous cases of small and large size embezzlements, illegal deductions and frauds with customers. Most of these frauds are accomplished using digital devices. The recent developments in computer networking, detection of illegal access to accounts by unauthorised attackers and hackers have made the task of protection to customers easier. This paper considers the role of business ethics in banking sector which may serve as a deterrent force for the employees. Several studies haverevealedthattheimplementationofcodebusinessethics producedencouragingresults.