DESIGN OF TWO-FACTOR AUTHENTICATION (PIN AND SMS PASSWORD) FOR AN AUTOMATED TELLER MACHINE (ATM) | Blazingprojects Postgraduate Thesis
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DESIGN OF TWO-FACTOR AUTHENTICATION (PIN AND SMS PASSWORD) FOR AN AUTOMATED TELLER MACHINE (ATM)

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of Study
  • 1.3Problem Statement
  • 1.4Objective of Study
  • 1.5Limitation of Study
  • 1.6Scope of Study
  • 1.7Significance of Study
  • 1.8Structure of the Research
  • 1.9Definition of Terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Evolution of Authentication Systems
  • 2.2Two-Factor Authentication Concepts
  • 2.3PIN-based Authentication
  • 2.4SMS Password Authentication
  • 2.5Strengths and Weaknesses of Two-Factor Authentication
  • 2.6Implementation Challenges of Two-Factor Authentication
  • 2.7Best Practices in Two-Factor Authentication Systems
  • 2.8Case Studies on Two-Factor Authentication in ATMs
  • 2.9Regulatory Requirements for ATM Security
  • 2.10Future Trends in Two-Factor Authentication Technologies

Chapter THREE

SYSTEM DESIGN AND IMPLEMENTATION

  • 3.1Research Design
  • 3.2Data Collection Methods
  • 3.3Sampling Techniques
  • 3.4Data Analysis Procedures
  • 3.5Ethical Considerations
  • 3.6Pilot Study
  • 3.7Instrumentation
  • 3.8Validity and Reliability

Chapter FOUR

SYSTEM TESTING AND EVALUATION

  • Discussion of Findings
  • 4.1Overview of Research Results
  • 4.2Analysis of Two-Factor Authentication Implementation
  • 4.3Comparison of PIN and SMS Password Effectiveness
  • 4.4User Acceptance and Satisfaction Levels
  • 4.5Security Vulnerabilities and Mitigation Strategies
  • 4.6Impact on ATM Transaction Processing
  • 4.7Recommendations for Enhancing Authentication Systems
  • 4.8Future Research Directions

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • and Summary
  • 5.1Summary of Findings
  • 5.2Conclusion
  • 5.3Implications of the Study
  • 5.4Contributions to Knowledge
  • 5.5Recommendations for Practitioners
  • 5.6Recommendations for Future Research

Thesis Abstract

Most ATMs employ one means of authentication (single factor authentication) by using the PIN. These kinds of ATMs are vulnerable to ATM frauds like Card Skimming where a device placed at the slot for the ATM Card copies all the information stored in ATM cards including the PINs and then copies of the original cards will be made, afterwards money will be stolen from the accounts concerned. This work presents the design of ATM software that employs a two factor authentication method that utilises the PIN and a One Time Password (OTP) which will be sent to the client’s mobile phone through SMS. This process will be initiated by the ATM as soon as the user slots his ATM card and the system accepts it. By employing this technology, a fraudster who has access to someone’s ATM Card and PIN will still not gain access to their bank account if he has no access to the SMS containing the One Time Password. This work employed Object Oriented Analysis and Design (OOAD) as its methodology and this includes the use of the Unified Modelling Language (UML). In order to realise the system using the OOAD approach, C#, an oriented programming language was used. The result obtained at the end of this project is the prototype of ATM software that employs two factor authentication. Finally, the performance of the system while it was being tested shows that the objective of providing additional security using two factor authentication was achieved to a large extent.



Thesis Overview

<p> </p><div>The concept of self-service in retail banking has evolved through various stages. These stages include cash machines developed in the early 1960s through independent and simultaneous efforts of engineers in Britain, Sweden and Japan. The first of such commercial cash machines was put into use in the UK on the 27th of June 1967 by the Barclays Bank. These and other developments (which were championed by efforts in Asia, Europe and America) gave rise to the automated (automatic) teller machine (ATM). The first modern ATM came into use in December 1972 and was designed by IBM for Lloyd Banks. The machine was called the IBM 2984 and popularly known as the CIT: Cash Issuing Terminal. The CIT was considered the first true cash point and is similar to what we have nowadays [1]. The ATM is a networked computer terminal that provides Bank clients with access to financial transactions from a public space without the need for one to visit the bank branch.</div><p></p><br> <br><p></p>

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