QUESTION 2 (20 MARKS)

One of the biggest problems with electronic banking is security. Regardless of what type of security is in place for on-line banking sites or ATMs, people are able to obtain customer information. Through so-called phishing, where someone tries to trick a customer into revealing sensitive information or harming where malicious code is introduced into a computer, customers can become victims to identity theft.

According to the statement given above:

Illustrate why security for electronic banking currently become the biggest problem in banking industry?