Assessing The Cybersecurity Challenges In E-Banking: A Comparative Study of Public and Private Sector Banks

This study examines the cybersecurity challenges faced by e-banking systems across public and private sector banks in India from March 2020 to March 2024. Through comparative analysis of six major banks - State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BOB), Axis Bank, ICICI Bank, and HDFC Bank - this research identifies key cybersecurity vulnerabilities, incident patterns, and mitigation strategies. Statistical analysis reveals significant differences in cybersecurity preparedness and incident response between public and private sector banks, with implications for regulatory policy and banking security frameworks.