Effective Method of Security Measures in Virtual Banking

The development of Information Technology leads to the remarkable growth in the field of network security that is used in security applications, which shows the way to the development of Virtual Banking. The aim of this paper is to discuss the different security measures that are to be considered in Virtual banking system, to share the fundamental concept behind the security technology and to understand the relative advantages and limitations of different approaches. When passwords are used for authentication, the decision made is relatively straight forward, but in network security using biometric authentication the decision is made on a probability. Biometrics is not secret. Any organization considering the use of biometrics needs to understand the impact of this when reaching a trust decision. The success of a biometric authentication system will depend on the method used to combine the individual decisions or matching scores. With the increased prominence on security, there is a growing and urgent need to identify human both locally and remotely on a routine basis. Over the past decade, considerable advances have been made in algorithms for biometrics recognition.