Abstract :
Banking is one of the most important aspects of everyday routine. Several users are using it for performing numerous transactions and many of them have become online nowadays. With the growth of internet and technology, all the transactions are done online and there is no need for the customer to visit banks frequently. A single click does all the transactions by sitting in one place. Though it is very good to hear even online banking has numerous threats. The users are given their own internet logins wherein they perform their transactions. This has become a critical threat as most of them can be easily hacked and all the transactions are done without their knowledge. In order to preserve their critical information, an efficient authentication based secured framework is designed where in case if the user forgets his password of the login it could be recovered easily. As banking systems ask the user to change the password frequently for security purposes user tends to forget his passwords. By this proposed system it is very easy to recover his forgotten password. The proposed system is evaluated is observed to be efficient than the other existing systems.
Keyword :
Banking, Transactions, Security, Authentication, Encryption, Fraud Tolerant, Cipher Text