Design and Implementation of Three-Defense Wall Authentication Framework

Online payment transaction with plastic money card is a basic need of everyone around the world and increases the productivity of the system. Despite of the security measures, online payment transaction attracts fraudsters to perform fraudulent transactions. This chapter presents and implements a three defense wall authentication framework to identify and mitigate fraudulent transaction based on multifactor authentication techniques. The goal of the proposed framework is to restrict fraudsters under any circumstances, even if the fraudster possesses all the necessary information for conducting a fraudulent transaction. The proposed framework uses four different dynamic authentication features such as transaction request, the CEOTP (Customer End One Time Password), location of the mobile device with the transaction device and the OTP (One Time Password) at three different authentication level of online transaction system. Validation of the proposed framework uses the dataset of online payment transaction which is collected during the execution of the proposed framework.