A Study of Digital Banking: Security Issues and Challenges

  • B. VishnuvardhanEmail author
  • B. Manjula
  • R. Lakshman Naik
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1090)


In the extensive sense, mobile banking (M-Banking) is defined as the financial transaction execution through smart devices or electronic devices. The clients are utilizing mobile devices with the combination of mobile communication systems for purpose of electronic transactions (E-transactions). The major reason for the expansion of electronic banking (E-Banking) is due to continuous growth of Internet speed, facilities, personal Digital Assistants (PDAs), Internet-empowered phones, and designing of banking application. This made another new subset of E-Banking and M-Banking. We mainly concentrated on E-Banking and M-Banking aspects of banking area. In this paper, we examined the general structure of Indian banks and identified relevant digital banking types, which are classified into E-Banking and M-Banking. We carried a survey on modern M-Banking and determined five different categories of M-banking services and listed out the functionalities, advantages, disadvantages, and security issues of it. We also examine the security attacks on mobile devices and wireless networks. Finally, a related work is carried on the existing system based on the security concern issues in M-Banking.


Authentication Banking Security Mobile Internet Attacks SMS IVRS GSM WAP 


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Copyright information

© Springer Nature Singapore Pte Ltd. 2020

Authors and Affiliations

  • B. Vishnuvardhan
    • 1
    Email author
  • B. Manjula
    • 1
  • R. Lakshman Naik
    • 2
  1. 1.Department of Computer ScienceKakatiya UniversityWarangalIndia
  2. 2.Department of ITKUCE & T, Kakatiya UniversityWarangalIndia

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