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Rehashing system security solutions in e-banking

Khan, Burhan ul Islam and Olanrewaju, Rashidah Funke and Anwar, Farhat (2018) Rehashing system security solutions in e-banking. International Journal of Engineering & Technology, 7 (4). pp. 4905-4910. E-ISSN 2227-524X

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Applications meant for exchanging cash, or individual data are becoming progressively common in mobile communications and on the Internet. The expansion of electronic banking services by utilizing various electronic channels provide added value to the users. As such, client authentication is required in these applications for affirming the legitimacy of the clients. The most widely recognized service of accreditations utilized today is the static passwords. Weak passwords prove to be an awful choice because it exposes online banking services to various security dangers. Different arrangements have been put forward to eradicate the clients' need for the creation and management of passwords. In this regard, a typical method developed is the one-time password (OTP), i.e., passwords which remain valid for a single exchange or session. Sadly, the vast majority of these password arrangements doesn't fulfil the requirement of usability and scalability and hence can be considered to be unreliable. In this paper, the usability and security facets of the present-day strategies for validation schemes centred on non-OTP and OTP structures are contemplated. At last, the loopholes, as well as the open challenges, are discussed, highlighting their prominence in the related field of study.

Item Type: Article (Journal)
Additional Information: 6796/70929
Uncontrolled Keywords: Authentication; Access Control; OTP Generation; Out of Band Authentication
Subjects: T Technology > TK Electrical engineering. Electronics Nuclear engineering > TK7800 Electronics. Computer engineering. Computer hardware. Photoelectronic devices > TK7885 Computer engineering
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Engineering
Kulliyyah of Engineering > Department of Electrical and Computer Engineering
Depositing User: Prof. Farhat Anwar
Date Deposited: 07 Mar 2019 15:56
Last Modified: 12 Jul 2019 15:55
URI: http://irep.iium.edu.my/id/eprint/70929

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