CHALLENGE BASED IDENTIFICATION SYSTEM FOR BANKING SERVER

CS 805 Project Work

SONA NELSON (Reg No.12082354)

B. Tech Computer science & Engineering

Department of Computer Science & Engineering College of Engineering Kottarakkara Phone: +91.474.2453300 http://www.cekottarakkara.ihrd.ac.in cekottarakkara@ihrd.ac.in Kollam 691 531

DEPARTMENT OF COMPUTER SCIENCE & ENGINEERING College of Engineering Kottarakkara

CERTIFICATE
This is to certify that this report titled CHALLENGE BASED IDENTIFICATION SYSTEM FOR BANKING SERVER is a bonafide record of the CS 805 Major Project done by SONA NELSON (Reg no. 12082354) supervision, in partial fulfillment of the requirements for the award of the degree, Bachelor Technology. Eight Semester B.Tech. Computer Science & Engineering student, under our guidance and

of Technology in Computer Science and Engineering of Cochin University of Science &

Guide Shibu J Selection Grade Lecturer Computer Science & Engineering

Coordinator Shani Raj Computer Science & Engineering Lecturer

Ahammed Siraj K.K Dept. of Computer Science & Engineering Head of the Department

ACKNOWLEDGMENT

First and foremost we concede the surviving presence and the flourishing refinement of almighty God for his concealed hand yet substantial supervision all through the project. We express our sincere thanks to our loving parents who gave all support for the presentation and preparation of this project. We extended our sincere gratitude to our respected Principal Mr. Rajesh Mohan for his countenance towards the successful accomplishment of our project. We are thankful to Mr. Ahammed Siraj K.K, Head of the Department, Computer Science & Engineering for his kind co-operation and technical support rendered him for making our project a success. We would like to express our sincere thanks to our project coordinators Ms. Shani Raj and Miss. Parvathy R and our guide Mr. Shibu J, Lecturers, Dept. of Computer science and Engineering. We take this opportunity to adulate the support and succor of all who have assisted us on the way.
Sona Nelson

ABSTRACT

The internet is an integral part of our daily lives, and the proportion of people who expect to be able to manage their bank accounts anywhere, anytime is constantly growing. As such, internet banking has come of age as a crucial component of any financial institutions multichannel strategies. Any internet banking system must solve the issues of authentication, confidentiality, integrity, and non repudiation, which means it must ensure that only qualified people can access an internet banking account, that the information viewed remains private and cant be modified by third parties and that any transactions made are traceable and verifiable. For confidentiality and integrity Secure Socket Layer/ Transport Layer Security (SSL/TLS) is the de facto internet banking standard, whereas for authentication and non repudiation, no single scheme has predominant yet.

The project entitled Challenge Based Identification System for Banking Server provides a challenge/response-based short-time password

authentication method. This solution provides convenient mobility for people who want to do internet banking anytime anywhere, not just from their homes. Challenges/response taken are considered to be more secure because the additional source, the challenge are short lived and non deterministic. This way, user connects to the internet banking server via SSL/TLS with server-side authentication. This way, the user is assured connection with a genuine banking server by explicitly validating the server certificate.