Nowadays, authentication, authorization, and accounting (AAA) are essential parts of almost any network access technique. What is the scenario for each of the authentication, authorisation, and accounting procedures in an online banking system?

Nowadays, authentication, authorization, and accounting (AAA) are essential parts of almost any network access technique. What is the scenario for each of the authentication, authorisation, and accounting procedures in an online banking system?

Systems Architecture

7th Edition

ISBN:9781305080195

Author:Stephen D. Burd

Publisher:Stephen D. Burd

Chapter14: System Administration

Section: Chapter Questions

Problem 7RQ

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Nowadays, authentication, authorization, and accounting (AAA) are
essential parts of almost any network access technique. What is the
scenario for each of the authentication, authorisation, and accounting
procedures in an online banking system?

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Modern network access methods rely heavily on authentication, authorization, and accounting (AAA). What are the possible outcomes of online banking's authentication, authorization, and accounting procedures?
Debit cards provided by banking organizations are protected by personal identifying numbers (PINs). These PINs often include four digits due to security concerns. Information supplied from ATMs to the computers that verify credit and debit card transactions is encrypted before transmission. Ad hoc management strategies and encryption are necessities for banks to protect customer information. Please elaborate on the reasoning behind this request.
Credit card companies may provide temporary credit card numbers for one-time usage in online purchases. Users need to go to their credit card company's website to get a temporary number. Explain why this technique is preferable to the standard method of making online credit card payments. What are the benefits and drawbacks of using this method over using an electronic payment gateway authentication?
Certain credit card companies issue one-time-use credit card numbers as an added degree of security for electronic payments. Customers must go to their credit card issuer's website to obtain the one-time-use number. Explain how this technology differs from the old approach of using credit card numbers. What are the benefits and drawbacks when compared to electronic payment gateway authentication?
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Some credit card companies issue one-time-use credit card numbers as an additional level of protection for online transactions. Customers must visit the website of their credit card issuer in order to obtain the one-time-use number. Identify the benefits of this technique over the established approach to using credit card numbers. What are the benefits and drawbacks when compared to electronic payment gateway authentication?
Investigate computer system access and authentication network programming
Nowadays, AAA is a vital part of almost every approach used to gain entry to a network. Please describe the circumstances under which online banking authentication, authorisation, and accounting procedures are carried out.
One-time-use credit card numbers are offered by certain credit card providers as an extra layer of security for electronic payments. To get the one-time-use number, customers must visit the Web site of their credit card issuer. Describe the advantages of this technology over the traditional method of utilizing credit card numbers. Comparing it to electronic payment gateway authentication, what are the advantages and disadvantages?
Bank-issued debit cards also come with a special identification number for further security (PINs). These PINs are typically four digits long for security reasons. Transaction verification for debit and credit cards is handled by servers, and data exchanged between ATMs and those servers is secured. Banks must use encryption and other ad hoc management approaches to protect client data. If at all possible, please defend this course of action.
Debit cards provided by banking organizations are protected by personal identifying numbers (PINs). This kind of private identification number (PIN) typically consists of four digits. Information supplied from ATMs to the computers that verify credit and debit card transactions is encrypted before transmission. Ad hoc management techniques and encryption are necessary for financial organizations to keep data safe. Please elaborate on the reasoning behind this request.