Development of a Secure Online Banking System – Complete Phd and Masters Thesis

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Introduction

The rapid advancements in technology have revolutionized the way we conduct financial transactions. Online banking has become an essential part of modern-day banking, allowing customers to access their accounts, transfer funds, and pay bills conveniently from anywhere at any time. However, with the convenience of online banking comes the threat of cyber-attacks and fraud. As a result, the development of a secure online banking system has become a critical area of research and study.

This thesis aims to explore the development of a secure online banking system that ensures the confidentiality, integrity, and availability of customer data and financial transactions. The system will incorporate robust security measures to protect against unauthorized access, hacking, and other cyber threats. By enhancing the security of online banking systems, customers can have peace of mind knowing that their sensitive information is safeguarded.

Table of Contents

Chapter 1: Introduction
1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Thesis
1.9 Definition of Terms

Chapter 2: Literature Review
2.1 Overview of Online Banking
2.2 Security Issues in Online Banking
2.3 Types of Cyber Threats
2.4 Security Measures in Online Banking
2.5 Authentication and Authorization
2.6 Encryption Techniques
2.7 Multi-factor Authentication
2.8 Biometric Authentication
2.9 Blockchain Technology in Banking
2.10 Compliance and Regulations in Online Banking

Chapter 3: System Design and Methodology
3.1 System Requirements
3.2 System Architecture
3.3 Data Encryption and Security
3.4 User Authentication
3.5 Transaction Authorization
3.6 Network Security
3.7 Testing and Evaluation
3.8 Implementation Plan

Chapter 4: System Implementation
4.1 Installation of Security Software
4.2 Integration of Encryption Technologies
4.3 Implementation of Multi-factor Authentication
4.4 Implementation of Biometric Authentication
4.5 Testing of Security Measures
4.6 User Training and Education
4.7 Monitoring and Maintenance
4.8 Risk Management

Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendations
5.4 Future Research Directions

By developing a secure online banking system, this thesis aims to contribute to the ongoing efforts to protect customers and financial institutions from cyber threats and fraud. The system will be designed and implemented with the latest security technologies and measures to ensure a safe and secure online banking experience for all users.

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