Secure online banking

In the recent years, online banking has become the preferred choice for people to achieve ‘8s’ (See, Sort, Save, Share, Send, Select, Service, Secure) for their bank accounts and hence there’s been mountains of work done with online banking. However, online banking systems are targeted by various ma...

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Bibliographic Details
Main Author: Tan, Fei
Other Authors: Lu Rong Xing
Format: Final Year Project
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/64635
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Institution: Nanyang Technological University
Language: English
Description
Summary:In the recent years, online banking has become the preferred choice for people to achieve ‘8s’ (See, Sort, Save, Share, Send, Select, Service, Secure) for their bank accounts and hence there’s been mountains of work done with online banking. However, online banking systems are targeted by various malware threats or banking Trojans so that the users’ information disclosure as well as account security have been gained more attention to prevent the fast growing of cyber-crime. Unfortunately, the performance of current online banking systems didn’t reach perfection as the user-friendly and security couldn’t be integrated perfectly. In this project, an analysis about the current situations of online banking system would be carried out so as to figure out its potential security vulnerability on varies aspects or under certain conditions. All the analysis and researches would be based on DBS Paylah! - A personal mobile wallet launched by DBS/POSB to perform six functions such as bill payment, request for funds, charitable donation, touch ID, whatsApp notifications and eAng-bao. Reviews from the current DBS Paylah! users would be sorted out for analysis purpose. Proposed solutions aim to resolve the claims to be more user-friendly and for additional safety improvements. Solutions will be presented and its feasibility will be verified in order to be implemented in an android based online banking application to enhance the performance of mutual authentication, privacy, transaction integrity, portability and reduce cost.