IRISteg: A novel approach to improve the security of mobile banking transactions by using iris data in Steganography

Abstract

In the world of digitization, digital banking has become a coveted commodity. Digi tal banking is a computerized system based on modern technology that offers clients one of the easiest banking systems with minimal costs and speedy services. However, with the rise of digital banking amongst the masses, fraudulent activities centring on these digital platforms has increased as well. On the other hand, there are al most next to no techniques to trace these digital banking fraudsters. Thus, we have thought about this issue and will be conducting research on the methods of Cyber Forensics to investigate fraudulent activities in digital banking. The main focus of this article is how to improve Cyber Forensic Investigation in Mobile Banking Systems in Bangladesh. After our research, we could come to a conclusion that Steganography is the best Cyber Forensic method that can be implemented. On top of that,to add another layer of security, we have added a layer of IRIS scan. The IRIS data will be taken by the banks to make this process a more secure way of online transactions and to develop a simple and effective digital banking system which resists any kinds of data theft or fraud.