ENHANCING THE SECURITY OF ATM TRANSACTION BY PROVIDING THREE FACTOR AUTHENTICATION

Abstract

In our daily-life, we use ATM for cash Transaction. One of the important parameter that we need to consider during ATM transaction is Security. In current ATM system, we use the two factor authentication (ATM card and 4 digits PIN) for performing transaction. But we have observed that there are some vulnerabilities possible with such types of transaction which will give loop hole for attacker to perform some attack on ATM transaction. In this paper, we have designed a model to enhance the security of ATM by applying Three Factor Authentication. Along with ATM card and ATM PIN, if we include the third factor (face recognition) then we can have a better security compared to the two factor authentication.