Real time online banking fraud detection using location information

Abstract

This paper presents a location based approach for user authentication in online banking environment. The physical location of the user is identified using two different methods. Firstly, IP geo-location of user's computer system is used. Secondly, User is assumed to have a mobile device, which is used to identify the current physical location of the user. Both locations are used to determine whether mobile device or user is near to the computer system, which is being used for transaction. Based on this information, legal user is authenticated implicitly. © 2011 Springer-Verlag.