Open AccessMobile Based Multi-Factor Authentication Algorithm for Secure Online Transaction
Author(s) -
Ved Prakash Bhardwaj,
Piyush Chauhan,
nitin
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.a4138.119119
Subject(s) - password , computer science , computer security , one time password , database transaction , authentication (law) , multi factor authentication , payment , password policy , factor (programming language) , internet privacy , world wide web , authentication protocol , database , programming language
In today’s world, online payment system is one of the essential requirements of people. Security in online transactions is still a major challenge for the researchers. This work is emphasizing on providing highly secure environment for online transactions to user. One time password is one of the mechanisms to reduce online fraud, still many cases of fake transactions are happening frequently. It requires more attention to establish the faith in E-banking services. The present research article is proposing a multi-factor based secure algorithm which enhances the security for the online transaction services. To increase the authenticity, the proposed algorithm is working on two strategies: a) One Time Password Based Authentication and b) Dedicated Hardware Based Authentication.