Secure Authentication in Online Banking and ATM Transaction

  • Unique Paper ID: 155459
  • Volume: 9
  • Issue: 1
  • PageNo: 919-921
  • Abstract:
  • This study examines the misconception of security in Automated Teller Machines of Banking sector. There is an immense growth in number of publics using Automated teller Machine and Online Banking every day. Even though technological developments like mobile banking and internet banking have helped in completely reforming the banking sector, ATM remain to be an important factor in the sector. Banking services provided by ATM are subject to proper authentication of user by sending OTP to subjected user registered mobile number. The scenario described below shows how OTP based authentication is not safe and portrays a clear picture of the need for enhanced need for authentication.

Cite This Article

  • ISSN: 2349-6002
  • Volume: 9
  • Issue: 1
  • PageNo: 919-921

Secure Authentication in Online Banking and ATM Transaction

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