Privacy and Security For KDD in Banking Sector
Currently, huge electronic data repositories are being maintained by banks and other financial institutions.
Valuable bits of information are embedded in these data repositories. The huge size of these data sources make it impossible
for a human analyst to come up with interesting information (or patterns) that will help in the decision making process. In
new era the information and data communication technologies are highly used in the Business Industry. The data warehouse
is used in the significant business value by improving the effectiveness of managerial decision-making. Naturally such a
process may open up new assumption dimensions, detect new invasion patterns, and raises new data security problems.
Recent developments in information technology have enabled collection and processing of enormous amount of personal
data, such as criminal records, shopping habits, banking, credit and medical history, and driving records. This information is
undoubtedly very useful in many areas, including medical research, lawen forcement and national security. Data Storage,
data access efficiently and speedily is not only the key for competitiveness but the date security and privacy is important and
is the new research challenges for Researchers as well as for any business industry.
Keywords— Banking Sector KDD, Challenges, Data Security, privacy.