Online Banking Authentication Using Mobile Phones

Abstract

Online banking authentication plays an important role in the field of online banking security. In past years, a number of methods, including password token, short message password, and USB token, have been developed for online banking authentication. In this paper, we introduce a new authentication protocol for online banking. Our approach enhances performance and robustness against various attacks by using mobile phones to store digital certificate for clients. We provide attack analysis to illustrate the strength of the protocol.