A Model to Enhance Security Of Digital Transaction

Abstract

Factor such as Authentication, security, confidentiality & integrity are some of the most dominant Important factors required for online transaction. Online banking 24/7 availability and responsiveness has added this service into our day to day life due to location independence UPI mobile wallet. Digital financial transaction is under various threats like phishing, pharming, malware, Man-In-The-Middle (MITM) attack. Attacker would find under different attack ways to keep on attacking the digital transaction. Three factor authentications are a game changer. Security over the digital transaction continues to be a key focus area for monetary establishment. Firms must guarantee consistence strategies to meet the increasing regulatory law to safeguard the Digital transaction and save hard earned money and expressing the limitation for various authentication techniques. By using the three-factor authentication where we use a combination of three authentication techniques such as password certificate and biometric OR TOTP. We can secure the transaction from the inception to the end.