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An increase in the use of the Information and Communication Technology (ICT) facilities such as computers and the Internet in the perpetration of criminal activities like spamming, credit card frauds, ATM frauds, phishing, identity theft, denial-of-service, and a host of others has lent credence to the view that ICT is contributing to crime in the banking sector. With an in depth study this paper explains that total eradication of computer crimes is not possible. But with internal control measures within a bank's organizational structure it is possible. The new generation banks seem to experience more crimes than their old generation counterparts due to the fact that majority of their services, which are automated, are subjected to technological changes at a rapid rate. When banks and other organizations began to be computerized in Nigeria over a decade ago, little did they know that they were setting the pace in computer crimes age. This research work seeks to bring to light the dangers or threats, possible counter measures and control of computer crimes in the banking sector. Majority of the perpetrators are reported to have an insider working with them. Some bank customers aid the occurrence of these crimes by being lackadaisical about their bank accounts, ATM cards and personal information, becoming easy targets for offenders. Computer security measures can be beefed up by using anti-virus software, access control, firewalls and by employing qualified IT or IT-security staff.
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