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dc.contributor.authorMondal, Prakash Chandra
dc.contributor.authorDeb, Rupam
dc.contributor.authorHuda, Mohammad Nurul
dc.date.accessioned2017-06-13T03:06:16Z
dc.date.available2017-06-13T03:06:16Z
dc.date.issued2016
dc.identifier.doi10.1109/ICCITECHN.2016.7860255
dc.identifier.urihttp://hdl.handle.net/10072/339288
dc.description.abstractFinancial services through the internet are running under various threats like phishing, pharming (cyber attack intended to redirect a website's traffic to another fake site), malware, and evolving sophistication of compromise techniques. Multi-factor authentication (MFA) financial service system alleviates the risk and makes it secure. Various methods of MFA run in troubles like the authentication device lost or stolen, false sense of security (if used on login device), compromised answer of the generic question, higher implementation costs, unambiguous movement profile, calculated hash value stolen (there is no chance to replace it), etc. Compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and sanction requirements continue to be a key focus area for Financial Institutions' (FIs) management; firms must ensure that they are following appropriate compliance procedures to meet the increasing regulatory demands [1,2]. By addressing existing limitation of MFA, this paper proposes dynamic KYC based MFA authentication method to ensure the secured access of the financial services through the internet. Analysis and simulation results show that the proposed method provides control same as existing MFA/2FA techniques, but customers will get relief from holding additional security devices that incur huge cost.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherInstitute of Electrical and Electronics Engineers (IEEE)
dc.publisher.placeUnited States
dc.relation.ispartofconferencenameICCIT 2016
dc.relation.ispartofconferencetitleProceeding of the 19th International Conference on Computer and Information Technology
dc.relation.ispartofdatefrom2016-12-18
dc.relation.ispartofdateto2016-12-20
dc.relation.ispartoflocationDhaka, Bangladesh
dc.subject.fieldofresearchOther information and computing sciences not elsewhere classified
dc.subject.fieldofresearchcode469999
dc.titleKnow your customer (KYC) based authentication method for financial services through the internet
dc.typeConference output
dc.type.descriptionE1 - Conferences
dc.type.codeE - Conference Publications
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2016 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
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gro.griffith.authorDeb, Rupam


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    Contains papers delivered by Griffith authors at national and international conferences.

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