THREE LEVEL SECURITY AUTHENTICATION IN ONLINE BANKING

Abstract

Authentication, security, and confidentiality are some of the most important topics of cyber security. There have been many solutions presented to users for strengthening the security of login password-based authentication methods. Primarily this has been through the use of two-factor authentication methods. Two-factor authentication is the combination of single factor authentication mechanisms. The growing popularity and acceptance of two-factor methods are driven by the increasing need for privacy and security in this technological age. The success and popularity of adapted security measures are largely dependent on their ease of implementation and convenience to the user. The focus of this research is to address and analyze the implications of using a three-factor authentication model for added security in websites and mobile apps. This paper will present an app we created which could provide a potential method for three-factor authentication that could potentially ensure added authentication assurances without loss of convenience.