Online banking poses several security concerns including identity theft, phishing attacks, and unauthorized access. Users often fall victim to scams via fake emails or websites that mimic legitimate banking channels. Additionally, the storage and transmission of sensitive data can be vulnerable to data breaches if adequate security measures, such as encryption and two-factor authentication, are not in place. Furthermore, malware can compromise user devices, leading to compromised login credentials. Maintaining vigilance and staying informed about potential threats are crucial for safe online banking experiences.