Offline OTP based solution for secure internet banking access

Numerous applications are available on the Internet for the exchange of personal information and money. All these applications need to authenticate the users to confirm their legitimacy. Currently, the most commonly employed credentials include static passwords. But people tend to behave carelessly...

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Main Authors:	Khan, Burhan ul Islam, Olanrewaju, Rashidah Funke, Anwar, Farhat, Yaacob, Mashkuri
Format:	Conference or Workshop Item
Language:	English English
Published:	IEEE Computer Society Malaysia 2019
Subjects:	T10.5 Communication of technical information
Online Access:	http://irep.iium.edu.my/70886/ http://irep.iium.edu.my/70886/ http://irep.iium.edu.my/70886/1/70886_Offline%20OTP%20based%20Solution_complete.pdf http://irep.iium.edu.my/70886/2/70886_Offline%20OTP%20based%20Solution_scopus.pdf

id	iium-70886
recordtype	eprints
spelling	iium-708862019-12-30T04:17:58Z http://irep.iium.edu.my/70886/ Offline OTP based solution for secure internet banking access Khan, Burhan ul Islam Olanrewaju, Rashidah Funke Anwar, Farhat Yaacob, Mashkuri T10.5 Communication of technical information Numerous applications are available on the Internet for the exchange of personal information and money. All these applications need to authenticate the users to confirm their legitimacy. Currently, the most commonly employed credentials include static passwords. But people tend to behave carelessly in choosing their passwords to avoid the burden of memorizing complex passwords. Such frail password habits are a severe threat to the various services available online especially electronic banking or e-banking. For eradicating the necessity of creating and managing passwords, a variety of solutions are prevalent, the traditional ones being the usage of One- Time-Password (OTP) that refers to a single session/transaction password. However, a majority of the OTP-based security solutions fail to satisfy the usability or scalability requirements and are quite vulnerable owing to their reliance on multiple communication channels. In this study, the most reliable and adoptable solution which provides better security in online banking transactions is proposed. This is an initiative to eradicate the dependency on Global System for Mobile communication (GSM) that is the most popular means of sending the One- Time-Passwords to the users availing e-banking facilities. IEEE Computer Society Malaysia 2019-01-31 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/70886/1/70886_Offline%20OTP%20based%20Solution_complete.pdf application/pdf en http://irep.iium.edu.my/70886/2/70886_Offline%20OTP%20based%20Solution_scopus.pdf Khan, Burhan ul Islam and Olanrewaju, Rashidah Funke and Anwar, Farhat and Yaacob, Mashkuri (2019) Offline OTP based solution for secure internet banking access. In: 2018 IEEE Conference on e-Learning, e-Management and e-Services (IC3e), 21-22 Nov. 2018, Langkawi, Kedah. https://ieeexplore.ieee.org/document/8632643
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	T10.5 Communication of technical information
spellingShingle	T10.5 Communication of technical information Khan, Burhan ul Islam Olanrewaju, Rashidah Funke Anwar, Farhat Yaacob, Mashkuri Offline OTP based solution for secure internet banking access
description	Numerous applications are available on the Internet for the exchange of personal information and money. All these applications need to authenticate the users to confirm their legitimacy. Currently, the most commonly employed credentials include static passwords. But people tend to behave carelessly in choosing their passwords to avoid the burden of memorizing complex passwords. Such frail password habits are a severe threat to the various services available online especially electronic banking or e-banking. For eradicating the necessity of creating and managing passwords, a variety of solutions are prevalent, the traditional ones being the usage of One- Time-Password (OTP) that refers to a single session/transaction password. However, a majority of the OTP-based security solutions fail to satisfy the usability or scalability requirements and are quite vulnerable owing to their reliance on multiple communication channels. In this study, the most reliable and adoptable solution which provides better security in online banking transactions is proposed. This is an initiative to eradicate the dependency on Global System for Mobile communication (GSM) that is the most popular means of sending the One- Time-Passwords to the users availing e-banking facilities.
format	Conference or Workshop Item
author	Khan, Burhan ul Islam Olanrewaju, Rashidah Funke Anwar, Farhat Yaacob, Mashkuri
author_facet	Khan, Burhan ul Islam Olanrewaju, Rashidah Funke Anwar, Farhat Yaacob, Mashkuri
author_sort	Khan, Burhan ul Islam
title	Offline OTP based solution for secure internet banking access
title_short	Offline OTP based solution for secure internet banking access
title_full	Offline OTP based solution for secure internet banking access
title_fullStr	Offline OTP based solution for secure internet banking access
title_full_unstemmed	Offline OTP based solution for secure internet banking access
title_sort	offline otp based solution for secure internet banking access
publisher	IEEE Computer Society Malaysia
publishDate	2019
url	http://irep.iium.edu.my/70886/ http://irep.iium.edu.my/70886/ http://irep.iium.edu.my/70886/1/70886_Offline%20OTP%20based%20Solution_complete.pdf http://irep.iium.edu.my/70886/2/70886_Offline%20OTP%20based%20Solution_scopus.pdf
first_indexed	2023-09-18T21:40:37Z
last_indexed	2023-09-18T21:40:37Z
_version_	1777413114675855360

Offline OTP based solution for secure internet banking access

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