22/08/2009

How do banks provide secure internet banking?

Most banks provide secure internet banking by way of authentication, SSL, encryption, firewalls and automatic log-off.

 

Authentication is any process by which credentials such as name and password of a user by validating those credentials against some authority.

 

Secure Sockets Layer (SSL) protects an internet-banking user by enabling encryption of information and thus provides minimal risk of external violations.

 

Encryption protects a user by converting the words and phrases used during an Internet banking session into coded language.

 

High-end firewalls protect the banks computer systems against unauthorized access.

 

Automatic log off is done automatically after 10 minutes of inactivity during an Internet banking session.