1 / 11

Online Banking Security

Online Banking Security. Magdalena Padyasek. Why Security?. Computer-based businesses Advances in technology Internet crimes September 11 th attacks Cyber-terrorism Internet banking. Internet Banking. Paper-free transactions Account balances, transfers, bill payment, statements

eanspach
Download Presentation

Online Banking Security

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Online Banking Security Magdalena Padyasek

  2. Why Security? • Computer-based businesses • Advances in technology • Internet crimes • September 11th attacks • Cyber-terrorism • Internet banking

  3. Internet Banking • Paper-free transactions • Account balances, transfers, bill payment, statements • Fast and convenient

  4. One-way Security • Secure Socket Layer (SSL) • Safeguarding Online Purchases • Feel secure • Encrypts data between the client and the server by making a direct connection • Client sends an encrypted key to the server • Server decrypts and returns to the client

  5. SSL lock • Click the icon, or double-click (varies by browser), and examine the security information displayed about the web site.

  6. Two-Way Security • Public Key Infrastructure (PKI) • Insures privacy for both online company and online bank customer • Enables users to securely exchange data and money through public network

  7. Public Key Infrastructure • Encrypts and decrypts • Tamper detection • Authentification • Nonrepudation

  8. Online banking • Digital signatures – ensures identity • Firewall – shield between the internal systems and the Internet • Virtual Private Network – allows authorized outside users to access company data

  9. News… • Microsoft file 117 phishing lawsuits • Anti-Phishing Act of 2005

  10. Conclusion • Security precautions • Understand security risk • Internet crimes are growing at an alarming rate “Consumers actually need to be responsible…they won’t leave their doors open when they leave the house.” - Lydia Parnes (director of the FTC’s Bureau of Consumer Protection)

  11. Works Cited • http://info.ssl.com/ssl_kb/article.aspx?id=10068 • http://www.w3.org/Security/Faq/www-security-faq.html • http://www.bankrate.com/brm/news • http://www.thestandard.com/internet news

More Related