Banking Crime in The Digital Age: Tackling Emerging Challenges

By Manotar Tampubolon

The rapid advancement of technology has significantly changed the banking industry, allowing for quicker transactions, improved customer experiences, and worldwide connectivity. However, this technological progress has also opened the door to complex banking crimes, including cyberattacks, data breaches, and identity theft. This research examines the intricate challenges that come with integrating technology in banking, focusing on how financial institutions manage the delicate balance between innovation and security. Using a multidisciplinary approach, the study incorporates case studies, regulatory frameworks, and technological safeguards to identify vulnerabilities in digital banking systems. It also evaluates the effectiveness of current legal and institutional measures in tackling emerging threats. The findings indicate that while technology-driven solutions can provide potential defenses, shortcomings in cross-border collaboration and adaptive regulation impede effective crime prevention. Recommendations stress the importance of  unified global policies, advanced threat detection systems, and ongoing staff training to address these evolving challenge

International Journal of Social Science and Human Research ISSN (print): 2644-0679, ISSN (online): 2644-0695 Volume 08 Issue 05 May 2025