Electronic Banking (Synopsis)

8/10/2019 Electronic Banking (Synopsis)

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Electronic Banking


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Abstract

The objective of the system is to nd whether the web

application is a genuine one or not. This is done by authenticating the web

application by using a cipher key, which can be obtained by implementing

standard encryption algorithm. This cipher key is used to identify the fraud web

application to avoid misuse of the sensitive information. After authenticating the

web application the authorized users will be allowed to access the application to

get various services and provide information that includes transactions like

inserting, modifying and deleting records, which vary with dierent kind of the

users in a role based web application.

The system will check the users e!istence in the database and

provide the set of services with respect to the role of the user. The application is

based on three"tier architecture. The cipher key obtained will help to nd the

fraud application. The business logic helps in authenticating the application,

authorizing the users and providing services. The technologies are chosen by

keeping the compatibility and performance as the constraints for the application.


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SYSTEM REQUIRMENT SPECIFICATIONS FOR ElECTRONIC BANKIN

The objective of the project is to design and develop #ecure online

$anking Application using Antiphishing concept

#ome customers avoid online banking as they perceive it as being

too vulnerable to fraud. The security measures employed by most banks

are never %&&' safe, but in practice the number of fraud victims due to

online banking is very small. (ndeed, conventional banking practices may

be more prone to abuse by fraudsters than online banking. )redit card

fraud, signature forgery and identity theft are far more widespread

*o+ine* crimes than malicious hacking. $ank transactions are generally

traceable and criminal penalties for bank fraud are high. nline banking

can be more insecure if users are careless, gullible or computer illiterate.

An increasingly popular criminal practice to gain access to a user-s

nances is phishing, whereby the user is in some way persuaded to hand

over their passwords/ to the fraudster.

T!E E"ISTIN SYSTEM#

The system will check the users e!istence in the database and

provide the set of services with respect to the role of the user. The

application is based on three"tier architecture. The cipher key obtained

will help to nd the fraud application. The business logic helps in

authenticating the application, authorizing the users and providingservices. The technologies are chosen by keeping the compatibility and

performance as the constraints for the application$

Further Drawbacks of the Existing System:

The following are the drawbacks of the e!isting manual #ystem.


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Ti%e &ela'# (n the e!isting system, information related to all transactions

is stored in dierent registers. #ince all the transactions are stored in

dierent registers it takes lot of time to prepare dierent reports.

Re()n(anc'#As the information passes through dierent registers, each

register is consolidated and sent to ne!t register. #o the same information

is being tabulated at each register, which involves lot of complication and

duplication in work, thus it causes redundancy.

Acc)rac'# #ince the same data is compiled at dierent sections, the

possibility of tabulating data wrongly increases. Also if the data is more,

validations become di0cult. This may result in loss of accuracy of data.

In*or%ation Retrie+al# As the information is stored in the particular

1ormat, it can only be retrieved in the same format. $ut if it is to be

retrieve in dierent format, it is not possible.

Storage Me(ia#(n the e!isting system, data transaction being stored on

too long registers it is very di0cult to refer after some time.

Re,orts# At the various reports are tabulated manually. They are notsuch

Attractive and re2uire more time. They do not provide ade2uate

help in maintaining the accounts.

En-)ir'#3n2uiry for dierent level of information is much more

di0cult. n

4ine en2uiry of data is not possible.


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PROPOSE& SYSTEM

#ystem analysis will be performed to determine if it is feasible to

design information based on policies and plans of the

organization and on user re2uirements and to eliminate the

weaknesses of the present system.

5eneral re2uirements are6 "

%. The new system should be cost eective.

7. To augment management, improve productivity and services.

8. To enhance 9ser:#ystem interface.

;. To improve information 2ualify and usability.

eveloping the system, which meets the #?# and solving all the

re2uirements of the system@

7/ >emonstrating the system and installing the system at client-s location

after the acceptance testing is successful.

8/ #ubmitting the re2uired user manual describing the system interfaces

to work on it and also the documents of the system.


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;/ )onducting any user training that might be needed for using the

system.

etection in

nline $ankingE can be categorized module "wise. $asically all the

information is managed by the software and in order to access theinformation one has to produce one-s identity by entering the user"id and

password. 3very user has their own domain of access beyond which the

access is dynamically refrained rather denied.

O)t,)t#The major outputs of the system are tables and reports. Tables

are created dynamically to meet the re2uirements on demand. ?eports, as

it is obvious, carry the gist of the whole information that =ows across theinstitution.

This application must be able to produce output at dierent

modules for dierent inputs.

Per*or%ance Re-)ire%ents#

Cerformance is measured in terms of reports generated weekly and

monthly.

SOFT.ARE AN& !AR&.ARE SPECIFICATIONS


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!ar(/are#

Processor 6 (ntel Centium ((( or Above

?am # 012 MB or %ore

Cac3e 6


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s)bter*)geto steal consumers- personal identity data and nancial

account credentials. #ocial"engineering schemes use -spoofed- e"

mails to lead consumers to counterfeit websites designed to trick

recipients into divulging nancial data such as credit card numbers,account usernames, passwords and social security numbers.

Kijacking brand names of banks, e"retailers and credit card

companies, phishers often convince recipients to respond. Technical

subterfuge schemes plant cri%e /areonto C)s to steal credentials

directly, often using Trojan keylogger spyware.

Post9!oli(a' P3is3ing S)rge Breaks Recor(

P3is3ing Attacks in :an)ar' Rise to Ne/ Peak; 1< More T3an

Pre+io)s !ig3 7ast :)ne

More T3an Pre+io)s !ig3 7ast :)ne


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Cri%e/are M)tations Rise to Secon( Recor( in T/o Mont3s

Further Drawbacks of the Existing System:

The following are the drawbacks of the e!isting manual #ystem.

Ti%e &ela'# (n the e!isting system, information related to all transactions

is stored in dierent registers. #ince all the transactions are stored in

dierent registers it takes lot of time to prepare dierent reports.

Re()n(anc'#As the information passes through dierent registers, each

register is consolidated and sent to ne!t register. #o the same information

is being tabulated at each register, which involves lot of complication andduplication in work, thus it causes redundancy.

Acc)rac'# #ince the same data is compiled at dierent sections, the

possibility of tabulating data wrongly increases. Also if the data is more,

validations become di0cult. This may result in loss of accuracy of data.

In*or%ation Retrie+al# As the information is stored in the particular

1ormat, it can only be retrieved in the same format. $ut if it is to be

retrieve in dierent format, it is not possible.


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Storage Me(ia#(n the e!isting system, data transaction being stored on

too long registers it is very di0cult to refer after some time.

Re,orts# At the various reports are tabulated manually. They are not

such

Attractive and re2uire more time. They do not provide ade2uate

help in maintaining the accounts.

En-)ir'#3n2uiry for dierent level of information is much more

di0cult. n

4ine en2uiry of data is not possible.


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Documents

Electronic Banking (Synopsis)