OTP Authentication in Reducing ATM Fraud: A Case Study Approach

Kartik Tirupati Durgam; Prof. Poonam Kale | Prof. Anupam Chaube; Rajshekhar Gopal Lendguri

Title:
OTP Authentication in Reducing ATM Fraud: A Case Study Approach

Authors:
Rajshekhar Gopal Lendguri | Kartik Tirupati Durgam | Prof. Poonam Kale | Prof. Anupam Chaube

Cite This Article :

Rajshekhar Gopal Lendguri | Kartik Tirupati Durgam | Prof. Poonam Kale | Prof. Anupam Chaube "OTP Authentication in Reducing ATM Fraud: A Case Study Approach" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Emerging Trends and Innovations in Web-Based Applications and Technologies, January 2025, pp.726-727, URL: https://www.ijtsrd.com/papers/ijtsrd75085.pdf

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Abstract :
ATM fraud has become a significant concern for financial institutions worldwide, with various methods such as card skimming, PIN theft, and unauthorized access leading to millions in losses each year. This paper examines the role of One-Time Password (OTP) authentication in mitigating ATM fraud. By reviewing two case studies of banks that adopted OTP systems in their ATM networks, this research evaluates the effectiveness of OTP in reducing fraudulent activities. The paper also explores the advantages and challenges associated with OTP implementation in the context of ATM transactions.

Keywords :
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Publication Details:

Unique Identification Number : IJTSRD75085

Published In : Special Issue | Emerging Trends and Innovations in Web-Based Applications and Technologies, January 2025

Page Number(s) : 726-727

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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