IEEE Access (Jan 2023)
Utilizing Bio Metric System for Enhancing Cyber Security in Banking Sector: A Systematic Analysis
Abstract
Biometric authentication is gaining the interest of private, public, consumer electronics and corporate security systems. For the protection of cyberspace from hackers and other harmful people, biometric security is growing more and more popular among organizations, individuals and enterprises. The word “cyber security” refers to the procedures, techniques, and tools used to safeguard data, network system, computer networks and software from potential attacks online. Online financial service delivery is referred to as “cyber banking.” As the trend of exchanging things has changed, internet banking has grown. Despite the benefits, there have been instances of security threat-related issues with Internet banking. To identify persons, biometric security verifies their physical attributes and behavioral traits. For identification verification, it is the most reliable and effective physical security method. According to biometric authentication, people can be recognized precisely based on their innate behavioral or physical traits. Numerous security measures have been implemented throughout the entire Internet banking service to address these issues. Globally, cybercrime has deep roots and poses a significant threat to the occurrence of criminal or terrorist behavior. Without being addressed by a single authority, these risks can compromise security on the inside as well as the outside. If the cybercrime goes unnoticed, both money and personal data are lost. Internet services and information infrastructure have previously been targeted in assaults. Online fraud and hacker attacks are only two examples of the daily computer-related crimes that take place. The Internet of Things (IoT) is the most reliable foundation for facilitating high-quality, comfortable human living. IoT has had a substantial impact across a range of application domains. Smart gadgets are more vulnerable to hackers because of their rapid development and trust in wireless mechanics for data transport. As a result, the rate of cybercrime is rising daily. Artificial Intelligence (AI)-based cybersecurity emerges because of technological advancement and poses a risk to public safety, personal property rights, and privacy protection for people. The study elaborates on the key features of biometrics system in conventional and Islamic banking to counter the risk of cybersecurity and provide high safety and security to the banking industry. For this systematic literature review, the most suitable and most relevant 101 articles from the reputed online libraries are selected. This analysis absorbed four research questions and pertinent keywords from the period of 2009 to 2022 (a part of 2023 was included).
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