DOI: 10.36347/sjebm.2016.v03i05.007

Pages: 279-286

Advancements in ICT have reduced the globe to a village where one can reach the world in a click, doing business across international boundaries and making profit beyond imaginations. Yet, in comparison to the developed world, the developing economies are yet to fully embrace the possibilities provided by the internet through electronic banking. This study has examined e-banking and security challenges in relation to the development of the banking sector in Nigeria. The study found out among other things that technological solutions are not enough for the security challenges facing e-banking in Nigeria. The study therefore made suggestions in that light.