Understanding Security Status of an Online Banking Infrastructure

Abstract

In the present world of high-speed Internet connectivity, millions of transactions occur every minute. For these transactions, data need to be readily available for the genuine people who want to have access, and it must be kept secure from imposters. As the number of clients using online banking increases, online banking systems are becoming more desirable targets for attackers. To maintain the clients trust and confidence, security of their online banking services need to be assured; financial institutions must identify how attackers compromise accounts and develop methods to protect them. Towards this purpose, we propose a framework for assessing security status of an online banking infrastructure. Therefore, the said framework will take into consideration banking threats, infrastructure investment and defense in-depth strategies adopted by the financial institutions. The cumulative factors contributed from risk domains can then be used for computation of online status of a banking facility.