Computer Science Journals
Cyber-criminals have benefited from Online Banking (OB), regardless of the extensive research on financial cyber-security. To better be prepared for what the future might bring, the authors try to predict how hacking tools might evolve. They briefly survey the state-of-the-art tools developed by blackhat hackers and conclude that they could be automated dramatically. To demonstrate the feasibility of their predictions and prove that many two-factor authentication schemes can be bypassed, they have analyzed banking and modern payments system security. In this paper, they will review different payment protocols and security methods that are being used to run banking systems.