An Analysis of Text-Based Authentication using Images in Banking System

Abstract

The stipulation of electronic services, such as Transactional, Non-transactional, Financial institution administration, Management of multiple users having varying levels of authority and Transaction approval process, by banking organizations evolves and spreads with the introduction of enhanced communication technologies.  Though, this novel business occasion for the provision of banking products and services increases the need for security, especially due to the sensitive nature of the information exchanged.  The specific nature of Internet banking systems creates the necessity for focused facts on security issues to be able to successfully demeanor an assessment or security evaluation process.  More specifically, the information systems (IS) auditor should have the necessary technical and operational skills and knowledge to carry out the review of the technology employed and risks associated with Internet banking.  Following this requirement, this paper presents a novel authentication approach to provide security to the end users.  This proposed system, Analysis of Text-Based Authentication using Images in Banking System (ATBAIBS) provides great value in terms of convenience, customer intimacy, time saving, inexpensiveness and coherence in banking sectors.