Rehashing system security solutions in e-banking

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 require...

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Main Authors: Khan, Burhan ul Islam, Olanrewaju, Rashidah Funke, Anwar, Farhat
Format: Article
Language:English
Published: Science Publishing Corporation 2018
Subjects:
Online Access:http://irep.iium.edu.my/70929/
http://irep.iium.edu.my/70929/
http://irep.iium.edu.my/70929/
http://irep.iium.edu.my/70929/1/IJET-23148.pdf
id iium-70929
recordtype eprints
spelling iium-709292019-07-12T07:55:30Z http://irep.iium.edu.my/70929/ Rehashing system security solutions in e-banking Khan, Burhan ul Islam Olanrewaju, Rashidah Funke Anwar, Farhat TK7885 Computer engineering 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. Science Publishing Corporation 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/70929/1/IJET-23148.pdf 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 https://www.sciencepubco.com/index.php/ijet/article/view/23148 10.14419/ijet.v7i4.23148
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic TK7885 Computer engineering
spellingShingle TK7885 Computer engineering
Khan, Burhan ul Islam
Olanrewaju, Rashidah Funke
Anwar, Farhat
Rehashing system security solutions in e-banking
description 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.
format Article
author Khan, Burhan ul Islam
Olanrewaju, Rashidah Funke
Anwar, Farhat
author_facet Khan, Burhan ul Islam
Olanrewaju, Rashidah Funke
Anwar, Farhat
author_sort Khan, Burhan ul Islam
title Rehashing system security solutions in e-banking
title_short Rehashing system security solutions in e-banking
title_full Rehashing system security solutions in e-banking
title_fullStr Rehashing system security solutions in e-banking
title_full_unstemmed Rehashing system security solutions in e-banking
title_sort rehashing system security solutions in e-banking
publisher Science Publishing Corporation
publishDate 2018
url http://irep.iium.edu.my/70929/
http://irep.iium.edu.my/70929/
http://irep.iium.edu.my/70929/
http://irep.iium.edu.my/70929/1/IJET-23148.pdf
first_indexed 2023-09-18T21:40:41Z
last_indexed 2023-09-18T21:40:41Z
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