Enhancing protection techniques of e-banking security services using open source cryptographic algorithms

Document Type

Conference Proceeding

Source of Publication

SNPD 2013 - 14th ACIS International Conference on Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing

Publication Date

10-28-2013

Abstract

Security and the privacy features concerning e-banking needs to be improved rapidly to continue its growing. It is really difficult to ensure enough adequate security by using the conventional algorithms for a long time period, due to recent advances such as high progress in cryptanalysis techniques, improvement of computing skills and continuous hacking trials. This paper refers important issues regarding how to enhance the transition to more secure cryptographic and encryption algorithms in the financial sector. This paper recommends that adopting and implementing open source applications following international standards can be considered as a good replacement to the conventional algorithms to offer more enhancement security techniques and highest performance encryption algorithms for e-banking transaction services. We proposed a modified algorithm for AES, in which substitute byte, shift row will remain as in the original AES while mix column operation is replaced by 128 permutation operation followed by add round key operation. Comparative study with traditional encryption algorithms is shown the superiority of the modified algorithm and its high ability to overcome the problem of computational overhead. We additionally suggested another level of e-banking security services using Confidence Building Metric (CBM). The CBMs are computed based on certain parameters and can be implemented on any platform at the client side. © 2013 IEEE.

ISBN

9780769550053

Publisher

IEEE

First Page

89

Last Page

95

Disciplines

Computer Sciences

Keywords

Advanced Encryption Standard (AES), cryptography, e-banking security, encryption algorithms, open source software

Scopus ID

84885990521

Indexed in Scopus

yes

Open Access

no

Link to Full Text

Share

COinS