Using Automated Banking Certificates to Detect Unauthorised Financial Transactions

Corzo, C. A.; Zhang, Nan; Carpenter, Andy

doi:10.1007/11889663_3

Cited by 1 publication

(2 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…A survey was done by UK Information Security Breach and the UK National Hi-Tech Crime Unit's recent report has evidenced this serious situation. It highlights that "online financial fraud is one of the most serious e-crimes and takes the lion's share of over 60% of e-crime costs" [5].…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Fraudulent Internet Banking Payments Prevention using Dynamic Key

Dandash¹,

Wang²,

Leand³

et al. 2008

JNW

View full text Add to dashboard Cite

As the Internet becoming popular, many sectors such as banking and other financial institutions are adopting e-services and improving their Internet services. However, the e-service requirements are also opening up new opportunity to commit financial fraud. Internet banking fraud is one of the most serious electronic crimes (e-crimes) and mostly committed by unauthorised users. This paper presents a new dynamic key generation scheme that facilitates a fraud prevention mechanism. In the proposed scheme, a combination of a biometric feature such as a fingerprint and smart card is used to effectively confirm the users' identity and prevents illegal attempts. It also eliminates the need for storing a long-term shared key which makes the system insecure during transactions. We show that the new scheme is secure against various kinds of attacks. Keywords: Internet Banking payment, key generation, fraud, payment systems

show abstract

Section: Introductionmentioning

confidence: 99%

“…Billions of pounds are lost each year in the banking sector due to unauthorised users committing fraud through the exploitation of system vulnerabilities [5]. In addition, the opportunity to commit fraud online is higher than the manual ways of performing transactions as the transactions performed within a given time period.…”

Section: Introductionmentioning

confidence: 99%