Study and analysis of security issues in e-banking to obtain a generalized security model

Abstract

This study explores almost all the aspect related with e-banking security, purpose and benefits of implementing security majors in e-banking and upcoming challenges with utmost possible solutions available or the solutions which can be deployed with reference to present scenario in the terms of maximum security, reliability, performance and feasibility. E-banking services are used increasingly by small and large Organizations all over the world and e-banking has become is one of the most challenging tasks in computer science for many reasons like for e-payments the number of end-users of this complex system is extremely high, financial transactions must be as secure as possible to limit frauds and the banking infrastructure involves many different technologies like smartcards, payment terminal, server and networks etc. So as a result of increasing globalization, newer products and technological changes it has become need of the state of art to identify future security issues for the betterment of e-banking services. The current status demonstrates a clear need for more work in the area of e-banking security issues. Security is a major aspect of an e-bank solution and balance should be achieved between security and usability of the services offered by the e-banking center. The most common Security measures can be divided into risk assessment, reliable authentication and customer awareness. Strong security can be provided by taking care of some of the important factors like network security, data integrity and privacy, identity security and security monitoring. Thus in order to mitigate this risk we need to provide a safe and certified environment. The objective of this study is to provide systematic and more reliable security solution which can be used to maintain the maximum security and reliability for e-banking customers. To achieve the objective of this research we have study and analyzed present e-banking scenario, different kind of online and offline attacks with security measurement strategies currently use