Publication Type:

Journal Article

Source:

International Journal of Recent Technology and Engineering, Volume 7, p.319-324 (2019)

URL:

https://www.researchgate.net/publication/333558687_Enhancing_security_of_one_time_passwords_in_online_banking_systems

Abstract:

The advancement in the technology has led to introduction of many popular Internet applications. Internet Banking also called as e-banking is one such indispensable application which has a major impact on our modern life. Although banks strongly encourage their customers to do online transactions and advertise it as a very safe and secure mode of transacting, in reality there is a huge risk associated. The continuous growth of online banking application brings with it several security issues and increased cost of implementing higher security systems for customers and banks. Online banking system maybe compromised in a wide variety of ways like using trojan horse, botnets, Phishing etc. Although multifactor authentication schemes exist to verify the authenticity of the client, the drawbacks with these schemes is that they work at transaction level rather than at the authentication level. This paves way for so called for man in the middle attack between the user and security mechanisms of browsers, smartphones etc. With online banking security becoming a critical requirement one needs to find better usable and workable solution based on transaction cum authentication level. An attempt has been made in this work to propose an authentication that enhances the security of the online banking systems.

Cite this Research Publication

S. Hari, Kavinkumar, C., Niketh, G. K., and Harini, N., “Enhancing security of one time passwords in online banking systems”, International Journal of Recent Technology and Engineering, vol. 7, pp. 319-324, 2019.