CHAPTER ONE INTRODUCTION

Jun 18th, 2015
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The new millennium brought with it new possibilities in terms of information access and availability simultaneously, introducing new challenges in protecting sensitive information from some eyes while making it available to others.

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CHAPTER ONEINTRODUCTION1.1. Background of the StudyThe new millennium brought with it new possibilities in terms of information access and availability simultaneously,introducing new challenges in protecting sensitive information from some eyes while making it available to others. Todaysbusiness environment is extremely dynamic and experience rapid changes as a result of technological improvement,increased awareness and demands Banks to serve their customers electronically. Banks have traditionally been in theforefront of harnessing technology to improve their products and services. The Banking industry of the 21st century operatesin a complex and competitive environment characterized by these changing conditions and highly unpredictable economicclimate. Information and Communication Technology (ICT) is at the centre of this global change curve of ElectronicBanking System in Nigeria today. (Stevens 2002). Assert that they have over the time, been using electronic andtelecommunication networks for delivering a wide range of value added products and services, managers in Banking industryin Nigeria cannot ignore Information Systems because they play a critical impact in current Banking system, they point outthat the entire cash flow of most fortune Banks are linked to Information System. The application of information andcommunication technology concepts, techniques, policies and implementation strategies to banking services has become asubject of fundamental i

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