Authentication in Online Banking Systems: Quantum Cryptography Perspective

Online banking systems allows consumers to access their banking accounts, review most recent transactions, request a current statement, transfer funds, view current bank rates and product information and reorder checks. These services that are offered by online banking systems are changing and being improved because of the intense competition between the banks. The major concern in online-banking is security threat specially the user authentication. Banks use either symmetric cryptography or asymmetric cryptography for this but due to the advent of sophisticated technology and cryptanalysis techniques, security solutions are not unconditionally secure. Here in this paper we are going to analyze the use of quantum cryptography for the authentication purpose.