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dc.contributor.authorMondal, Prakash Chandra
dc.contributor.authorDeb, Rupam
dc.contributor.authorHuda, Mohammad Nurul
dc.date.accessioned2017-06-27T00:22:57Z
dc.date.available2017-06-27T00:22:57Z
dc.date.issued2016
dc.identifier.doi10.1109/ICECE.2016.7853972
dc.identifier.urihttp://hdl.handle.net/10072/339602
dc.description.abstractAbstract: Online banking is getting popularity due to location independence, 24/7 services and responsiveness. Financial 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, Man-In-The-Middle (MITM) attack and the evolving sophistication of compromise techniques. One time password (OTP) in online banking system alleviate the risk and make it secure. In various methods of OTP and Mobile Transaction Authentication Number (mTAN), device can be lost or stolen, delivery in delay, etc. Compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and sanctions requirements continues to be a key focus area for financial institution (FI) management, and firms must ensure they are following appropriate compliance procedures to meet the increasing regulatory demands [1, 2]. Addressing existing limitation of OTP, this paper proposes Challenge Question (CQ) from dynamic KYC database for transaction authorization before committing any financial transaction from online banking application. Analysis and simulation results show that the proposed method provides equal control as existing OTP/mTAN.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherInstitute of Electrical and Electronics Engineers (IEEE)
dc.publisher.placeUnited States
dc.relation.ispartofconferencenameICECE 2016
dc.relation.ispartofconferencetitle2016 9th International Conference on Electrical and Computer Engineering (ICECE)
dc.relation.ispartofdatefrom2016-12-20
dc.relation.ispartofdateto2016-12-22
dc.relation.ispartoflocationDhaka, Bangladesh
dc.subject.fieldofresearchSoftware engineering not elsewhere classified
dc.subject.fieldofresearchcode461299
dc.titleTransaction authorization from Know Your Customer (KYC) information in online banking
dc.typeConference output
dc.type.descriptionE1 - Conferences
dc.type.codeE - Conference Publications
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2017 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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