Multi-channel authentication for online banking

Mohamed Alfairuz*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Authentication mechanisms provide the cornerstone for security for many distributed systems, especially for increasingly popular online applications. For decades, widely used, traditional authentication methods included passwords and PINs that are now inadequate to protect online users and organizations from ever more sophisticated attacks. This paper proposes an improvement to the currently implemented authentication mechanisms. The solution introduced here includes a one-time-password (OTP) and incorporates the concept of multiple levels and multiple channels - features that are much more successful than traditional authentication mechanisms in protecting users' online accounts from being compromised. This paper study reports on review and evaluations of the current authentication classes and mechanisms and proposes an authentication mechanism that uses a variety of techniques, including multiple channels, to resist attacks more effectively than most commonly used mechanisms. The paper presents guidelines on how to implement the proposed mechanism, provides a detailed analysis of its effectiveness in protecting users' online accounts against specific, commonly deployed attacks, and proves its usability and acceptability to users. It represents a significant step forward in the evolution of authentication mechanisms meeting the security needs of online users.

Original languageEnglish
Title of host publicationProceedings of the 29th International Business Information Management Association Conference - Education Excellence and Innovation Management through Vision 2020
Subtitle of host publicationFrom Regional Development Sustainability to Global Economic Growth
EditorsKhalid S. Soliman
PublisherInternational Business Information Management Association, IBIMA
Pages1959-1968
Number of pages10
ISBN (Electronic)9780986041976
Publication statusPublished - 2017
Event29th International Business Information Management Association Conference - Education Excellence and Innovation Management through Vision 2020: From Regional Development Sustainability to Global Economic Growth - Vienna, Austria
Duration: May 3 2017May 4 2017

Publication series

NameProceedings of the 29th International Business Information Management Association Conference - Education Excellence and Innovation Management through Vision 2020: From Regional Development Sustainability to Global Economic Growth

Other

Other29th International Business Information Management Association Conference - Education Excellence and Innovation Management through Vision 2020: From Regional Development Sustainability to Global Economic Growth
Country/TerritoryAustria
CityVienna
Period5/3/175/4/17

Keywords

  • Authentication
  • Multi-channel
  • Online banking
  • Security

ASJC Scopus subject areas

  • Business and International Management
  • Management Information Systems
  • Information Systems and Management

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