Improving Information Security in E-Banking by Using Biometric Fingerprint (original) (raw)
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E-Banking Security Issues–Is There A Solution in Biometrics?
Journal of Internet Banking and Commerce, 2011
The providers of Internet banking services must be more responsive towards security requirements. While there is no doubt that Internet banking transaction should have layered protection against security threats, the providers should approach security considerations as part of their service offerings. Biometric based authentication and identification systems are the new solutions to address the issues of security and privacy. Using biometrics for identification restrict individuals from access to physical spaces and electronic services An effective authentication method should have customer acceptance, reliable performance, scalability to accommodate growth, and interoperability with existing systems and future plans. In this study, the security threats in Internet banking, its solutions in biometrics and its acceptance in the consumer market are studied using descriptive and exploratory research. The methods of descriptive research are used to obtain information concerning the major security issues in e-Banking. The research had been completed on the basis of secondary data (online databases, scientific journals, surveys, news).
A Multi-Factor Biometric Model for Securing E-Banking System
International Journal of Computer Applications, 2017
The e-banking systems in Nigeria is witnessing a large number of users, thereby encouraging the cashless economy policy proposed by the Central Bank of Nigeria (CBN). Hence, these systems need to be highly secured and reliable. This is because any compromise by this system can breach the customer's trust in using such systems for making transactions thereby discouraging the cashless policy agenda. Based on this the CBN is proposing the use of fingerprint biometric as a means of identification of any bank customer in Nigeria. However, since most fingerprint biometric systems can accept and grant access to artificial fingerprint, it is therefore clear that only fingerprint will not be suitable in securing banking system. Thus, the primary research objective of this paper is to propose a multifactor biometric model that would assist in creating a highly secured banking application in Nigeria using human physiological features. Based on the verification carried out on the model presented in this paper, it can therefore be sanctify to providing highly secured banking system in Nigeria if fully implemented.
Highly Secured Net Banking System Using Fingerprinting Recognition Technology
2017
Nowadays, the banking and financial systems have been changed due to the environment and globalization changes and competition of business services. Net banking become very popular with the general public or their availability and general user friendliness. Online banking is used to describe the banking transactions through the internet application. Web banking means user can login to his banks website by using his personal computer, smart phone or tablet etc. But one of the major problem with the internet banking is the inherent lack of security of traditional authentication techniques, passwords and passwords and pin numbers. So our system gives a solution with a fingerprint biometric of user in order to overcome from these problems.
Biometric Bank Account Verification System In Nigerian: Challenges And Opportunities
Abstract - Due to the need for strong security for customer financial information in the banking sector, the sector has started the introduction of biometric fingerprint measures in providing securities for banking systems and software. In this paper, we have carefully explained the methodology of using this technology in banking sectors for customer verification and authentication. The challenges and opportunities associated with this technology were also discussed in this paper. Keywords: Security, Biometric, Fingerprint, Bank Call for Papers: https://sites.google.com/site/ijcsis/
The summation of potential biometric types and technologies for authentication in e-banking
The review paper is written with the objective to find the various different types of biometrics and the technologies within each type available as on-date that can be applied for authentication in e-banking. This study is pursued by performing a " KEYWORD SEARCH " on Journals, Articles, Published Thesis, Project Reports, Case studies related to biometrics as well as websites, brochures, products and services of biometric hardware and service providing companies, to collect information through a literature review. The study suggests the various different types of biometric types as well the technologies within each type available as on-date that can be used for authentication in e-banking.
International Journal of Advanced Computer Science and Applications, 2015
Security is continuously an important concern for most Information Technology-related industries, especially the banking industry. The banking industry is concerned with protecting and securing the privacy and data of their customers, as well as their transactions. The adoption of biometric technology as a means of identifying and authenticating individuals has been proposed as one of the varied solutions to many of the security challenges faced by the banking industry. In this paper, the authors address the ATM transaction authentication problem of banking transactions using fingerprint identification as one form of biometric authentication. The novel methodology adopted proposes the use of an online off-card fingerprint verification, which involves the matching of live fingerprint (templates) with pre-stored templates read from the ATM smart card. The experimental evaluation of the proposed methodology presents a system that offers a faster and relatively better security of authen...
The Internet has played a key role in changing how we interact with other people and how we do business today. As a result of the Internet, electronic commerce has emerged, allowing businesses to more effectively interact with their customers and other corporations inside and outside their industries. One industry that is using this new communication channel to reach its customers is the banking industry. The challenges that oppose electronic banking are the concerns of security and privacy of information. It is not enough for an e-banking system to just provide information to their customers but to provide it to the right customers and at the right time. This project focuses on developing a secured e-banking system using encryption and face recognition as the two levels of security mechanism since the username and password security mechanism are easily breached by mere guess work. This E-banking system was designed using MATLAB as well as face recognition and encryption.
SECURITY IN MOBILE BANKING: A BIOMETRIC APPROACH
In present day world, mobile banking has emerged as a winner among various banking services. The major concern for mobile banking is its security. Since present authentication methods such as passwords, OTPs do not offer high level of security, there is always a risk of fraudulent attacks. To avoid this risk, reliable authentication procedures must be used. Biometric serves the purpose of reliable authentication mechanism. The paper gives the overview and quantitative comparative analysis of various physiological and behavioral biometric techniques that can be used in mobile banking. Various criteria that have been used for analysis are uniqueness, universality, permanence, circumvention, performance, and collectability and acceptability.
2018
Internet banking (IB) continues to face security concerns arising from illegal access to users' accounts. Use of personal identification numbers (PIN) as a single authentication method for IB users is prone to insecurities such as phishing, hacking and shoulder surfing. Fingerprint matching (FPM) as an alternative to PIN equally has a downside as fingerprints reside on individual mobile devices. A survey we conducted from 170 IB respondents of 5 different banks in Brunei established that majority (65%) of them preferred use of biometric authentication methods. In this work, we propose a two-level integrated authentication mechanism (2L-IAM). At the first level, the user logs in to their IB portal using either PIN or FPM. At the second level, user is authenticated by means of face recognition (FR) should they initiate a transaction classified as sensitive. The merits of the introduced 2L-IAM are 3-fold:-(1) FR guarantees the identity of the rightful user irrespective of the login device; (2) By classifying banking products' sensitivity, the sensitive transactions are more effectively secured; (3) It is accommodative of different users' authentication preferences. Adoption of this framework could thus improve both users' and banks' experiences in terms of enhanced security and service delivery respectively.
Fingerprint Authentication System: Toward Enhancing ATM Security
International Journal of Applied Information Systems (IJAIS) – ISSN : 2249-0868 Foundation of Computer Science FCS, New York, USA, 2014
One of the major problems people face is the loss of the password and not remembering it again, these have cause a lot of damage to many people and organizations. ATM fraud has been very common in all banks and the problems has created fear in many costumers heart that they prefer going to the bank to collect their money than to use an ATM, also many people are illiterate that they don’t know how to use the ATM card. So, the main aim of introducing ATM machine has not been met because you still find long queues in almost all banks in Nigeria. The existing ATM machine uses PIN-Card as a security which is very weak and easy to contravene. This paper tries to find a solution to the above problems by introducing fingerprint authentication into the existing ATM machine. A program prototype was designed to imitate a typical ATM system that uses fingerprint identification to enhance the security of the ATMs. The proposed system demonstrated a three-tier architectural structure. The verification system which centered on the enrolment, enhancement, feature extraction and matching of fingerprints. The backend database system that serves as warehouse of the templates of all ATM account holders’ pre-registered fingerprints. The system’s platform creates related transactions such as withdrawals, bill payment, buying of credit cards and balance enquiries etc. The results obtained confirm that the current approach could significantly reduce ATM fraud if not totally eradicate it.