Enhancing Security of One Time Passwords in Online Banking Systems
S. Sri Hari1, C. Kavinkumar2, Gurram Keshav Niketh3, N. Harini4
1S. Sri Hari, Department of Computer Science and Engineering, Amrita School of Engineering, Coimbatore (Tamil Nadu), India.
2C. Kavinkumar, Department of Computer Science and Engineering, Amrita School of Engineering, Coimbatore (Tamil Nadu), India.
3Gurram Keshav Niketh, Department of Computer Science and Engineering, Amrita School of Engineering, Coimbatore (Tamil Nadu), India.
4N. Harini, Department of Computer Science and Engineering, Amrita School of Engineering, Coimbatore (Tamil Nadu), India.
Manuscript received on 24 April 2019 | Revised Manuscript received on 02 May 2019 | Manuscript Published on 08 May 2019 | PP: 319-324 | Volume-7 Issue-5S3 February 2019 | Retrieval Number: E11590275S19/19©BEIESP
Open Access | Editorial and Publishing Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
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.
Keywords: Authentication, e-Banking, One Time Password, Fingerprint, Biometrics, Short Message Service, Subscriber Identity Module.
Scope of the Article: Security, Privacy and Trust in IoT & IoE