Emerging Challenges, Security Issues, and Technologies in Online Banking Systems

Abstract

Online banking security is a critical issue over request-response model. But the traditional protection mechanisms are not sufficient to secure the online banking systems that hold information about clients, and banks. The infrastructure of networks, routers, domain name servers, and switches that glue these online banking systems together could be fail, and as a result, online banking systems will no longer be able to communicate accurately or reliably. A number of critical questions arise, such as what exactly the infrastructure is, what threats it must be secured against, and how protection can be provided on a cost-effective basis. But underlying all these questions is how to define secure online banking systems. In this chapter, emerging challenges, security issues and technologies in Online Banking Systems will be analyzed and discussed systematically.