Title :
A study on the two-channel authentication method which provides two-way authentication in the Internet banking environment
Author :
You, Han-Na ; Lee, Jae-Sik ; Kim, Jung-Jae ; Jun, Moon-Seog
Author_Institution :
Dept. of Comput. Sci., Soongsil Univ., Seoul, South Korea
fDate :
Nov. 30 2010-Dec. 2 2010
Abstract :
The Internet banking service provides convenience, providing rapid development in the world. However, it still causes a number of security problems including hacking. In order to strengthen security, the financial institutions have provided such authentication methods as the official authentication certificate, the security token, the security card and OTP. However, the incidents related to hacking have continuously occurred. Various weak points have been suggested for the authentication methods in regard to such types of hacking as the memory hacking or the MITM attack. In this study, the two-channel authentication method which provide two-way authentication on the user´s PC and mobile device when executing the electronic financial transactions in the Internet banking environment is suggested. Also, by analyzing it in comparison with other existing methods, it is possible to check that the prospects of safety and credibility are strengthened.
Keywords :
Internet; banking; security of data; Internet banking environment; MITM attack; OTP; memory hacking; official authentication certificate; security card; security problems; security token; two-channel authentication method; Authentication; Computer crime; Instruments; Keyboards; Mobile handsets; Online banking; Internet banking; authentication; component; two-channel;
Conference_Titel :
Computer Sciences and Convergence Information Technology (ICCIT), 2010 5th International Conference on
Conference_Location :
Seoul
Print_ISBN :
978-1-4244-8567-3
Electronic_ISBN :
978-89-88678-30-5
DOI :
10.1109/ICCIT.2010.5711114