Abstract
Cloud computing is an emerging, revenue generating and internet based technology, where computing power, storage and other resources are provided to the stakeholders in a single package. The traditional online banking systems can make use of the cloud framework for providing economical and high-speed online service to the consumers. This paper first describes a systematic Multi-factor bio-metric Fingerprint Authentication (MFA) approach which provides a high-secure identity verification process for validating the legitimacy of the remote users. The significance of this approach is that the authentication credentials of the users are not revealed to the bank and cloud authentication servers, but allows the servers to perform remote users’ authentication. We then extend this investigated framework to develop a privacy protection gateway for obscuring and desensitizing the customers’ account details using tokenization and data anonymization techniques. This approach retains the original format of data fields at various levels of the database management systems and makes the data worthless to others except the owner. In addition to designing an efficient MFA, through extensive experimental results we illustrate our privacy protection gateway is practical and effective.
Highlights
Banks provide the impetus for people and country to develop economically
We set a time window bound in minutes for validating user login and authentication credentials in terms of False Negative Rate (FNR) and False Positive Rate (FPR)
FNR means the rate of input credentials matched correctly and calculated as tp/(tp + fn), where fn is false negative and tp is true positive
Summary
Banks provide the impetus for people and country to develop economically. They make financial dealing easy, safe and convenient. Banks take part in welfare activities and help in social causes of the people. Most of the banks provide the financial dealings through passbooks, ATM, mobile banking, electronic banking and telephone banking. Among these financial dealings, e-banking and mobile banking will be more convenient and these two are essential for busy people. It is critical to provide an efficient, reliable and secure e-banking service to the consumers because user needs and cyberattacks are increasing on the internet-based technologies. The cloud environment is more suitable paradigm to new, small and medium scale banking organizations as it eliminates the requirement [23] for them to start
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