A Review on Secured One Time Password Based Authentication and Validation System
Keywords:
Component OTP, Authentication, Legitimate, MATLAB, MobileAbstract
In this digital world, authentication of legitimate user is highly important for secure banking transactions and activities, One Time Password (OTP) security is one of them. Online banking requires some kind of authentication to verify whether it is performed by legitimate user or not. By the help of One Time Password it can be performed securely. When someone perform any online transaction, he/she would be asked to input One Time Password which has been sent to his/her registered mobile number, if it is legitimate user then transaction would be successfully performed otherwise no one can do any fraudulent activity without having One Time Password. But what happens when someone has stolen your mobile phone and by having your username and password along with your mobile phone, he/she would be able to perform successful transactions. For this case we require much more tenable process to secure our banking account from any kind of fraudulent activities. This paper has been proposed for review of existing systems which provide security in the field of authentication.
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