Business Essentials (11th Edition)
Business Essentials (11th Edition)
11th Edition
ISBN: 9780134129969
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 16, Problem 16.19TE
Summary Introduction

To explain: The potential risks of virtual banking to both the bank and the customer and how they can protect themselves.

Introduction:

Virtual bank:

A bank is termed as a virtual bank which performs all the functions of a normal bank but does not have any branches. The only point of access for the bank will be through the internet from a computer or a mobile device.

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