Electronic banking frauds have been issue of concern all over the world. It has left so many banks bankrupt, and caused many customers so much pain. Fraudsters are inventing newer techniques continually to elude detection and rub banks and customers of their possessions. This paper critically examines electronic banking frauds, detection of electronic banking frauds, control of electronic banking frauds, and challenges associated with the detection and control of electronic banking frauds.

Keywords : Detection, Control, Analysis.