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 The main aim of this Online Banking System Application is to provide easiest & secure facilities to the banking customers, The advantage of this online banking method is to reduce the man power & time consumption.

The Introduction of this Online Banking System Project in Java gives you the opportunity to provide your reader with an overview of the document. Firstly, introduce the project information like requirements; secondly, outline the key areas to be covered; and identify all primary aims and objectives of the Online Banking System.

 Attacks on online banking system :

Attacks on electronic banking are becoming very challenging issue today. The main e-banking attacks are Phishing, Trojan horses, Domain Name Server (DNS) spoofing, Pharming, Interception of Networks, Attacks on bank web application programmes, and attacks on database servers. The Phishing and Trojan horses are very severe attacks prone to affect at customer level. In this level, the attack is subjected in between user and computer.

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On the other hand the Stanford federal credit union was the foremost financial institution to facilitate online Bank Management System services to all of their customers in the year of 1994 October.

These days, plenty of banks are considered to be only internet banks. Unlike their precursors, these only internet banks not at all maintaining big buildings or centralized branches. as an alternative, typically they are differentiating themselves by providing effective interest rates and convenient secure electronic banking facilities.

Online Attacks: Majority of the online attacks in regard to Online Bank Management System used today are largely depends upon to be regarded with suspicion of the user to theft login information and validated Transaction authentication numbers as well as PIN numbers. The best familiar examples for such attacks are Pharming and phishing; X/Cross-site scripting and Trojan horses/Key loggings are those that can also widely used to rob the information and transactional data.

The manipulation of electronic banking patterns was largely based on a type of attack signature uses a software that correct and verifies the banking transactions are displayed on the monitor and fake banking transactions are signed in the background of application.

The most latest Federal deposit insurance corporation’s enterprise architecture technology Incident Report compile from apprehensive activities reports banks file periodical, listed all together 536 cases related to computer hacking and intrusion, with $30,000 average loss per incident filed. That results almost $16million loss in the year of 2007’s second quarter. Computer hackings and intrusions rapidly increased by 150 percent between the 2007 first quarter and the second quarter respectively. Almost in 80-90 percent of the cases, the chief source of the infringement is unidentified but it is only occur during online electronic banking, as the Federal deposit insurance corporation’s report states in their research as day-to-day several new types of intrusions are evolving (Kreizman and Blanton 2005).

The most recent and violent kind of attack is Man-in-the-Middle Trojan attack and is so-called as Man-in-the-browser attack. It was represented as “MitM” where the Trojan horse allows a remote synthetic attacker to destroy and modify the account number destination path and also the amount maintaining in the account.

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EVOLUTION OF Bank Management System Project Report in Java: The Online Bank Management System services are well known as distance banking services operated through electronic medium. The predecessor for the online banking services is the detachment banking services through electronic media from the early 1980s. The word online became most popular in the late 1980’s and referred to the use of Information technology infrastructure like computers, servers, and cables to access the bank transactions using a telephone line. Tele banking may also refer to the use of numeric keys to send signals via a telephone line comprising transactional instructions to the bank. The first online banking service started in New York in the year of 1981.  Citibank and Morgan chase provided home banking services using the Minitel-Videotex system. Soon after the commercial failure of videotex system the home banking services on no account become accepted except in France and some European countries where the use of Minitel-videotex was continued by the telecommunication services. In the case of United Kingdom, a data view technology called Prestel was used.

The Bank of Scotland started first home banking services in United Kingdom for their customers of the Nottingham building society in the year of 1983. This home banking system implemented by the Bank of Scotland was based on the United Kingdom’s Prestel system. The Prestel system was also known as View data technology which is developed by Post office limited. The IT infrastructure used for this purpose was BBC Micro computers and Tandata TD1400 systems are jointly connected to the home telephone line and television sets.

The Home link system permitted on-line checking of bank statements, money transfers and payment of bills. With the aim of making money transfers and bill payments, a written form of instructions providing the details of the proposed recipient had to be sent to the Nottingham building society (NBS) a governing body who place the particulars in to the customers ‘Home link system. Distinctive recipients were mainly electricity, gas, and telecommunication companies and their accounts with other national banks. The payment details are to be produced were inputted into the NBS governing system by the account holder/customer through the Prestel home system. A bank cheque was then send by Nottingham building society to the payee and an advice slip giving the complete details of the payment made and was sent to the account holder of the bank. Banker automated clearing service was later on utilized to perform money transfer and the payments directly to the bank.

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Developing a tool/systematic way to look for vulnerabilities and risks in Internet Bank Management System processes.

LITERATURE REVIEW: The attacks and frauds on Online Bank Management System are becoming very severe issue and leaving the banking sector in a deep crisis. This research work mainly concentrates on the types of attacks on internet banking, classification of attacks, structure of different types of attacks, and development of a frame work to tackle the problem.

UNIQUE COMMON FEATURE IN Online Bank Management System:

The common unique feature in Bank Management System is providing support to manage personal finance. This process involves importing of transactional data in to accounting software. The accounting software is considered as banking platform that supports aggregation of a person’s account.

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