Secure Socket Layer

We can conduct all our amount transactions in internet are a safe and secure manner when using HDFC website. It uses 128 Secure Socket Layer (SSL) technologies. This is the highest level of security that is currently available and it provides a platform where we can make secured transactions. The transactions made are kept confidential. The bank provides Net banking facilities to its customers in addition to functioning through its regular branches. This service can be broadly divided into types namely Query based and transaction based. In Query based we can view the account details, update the account status and update the cheque book details and so on. In Transaction based we can manage demand draft, update a cheque, transfer fund and so

This includes the following:

• Access to internet banking is provided only to the customers who hold a valid account. Also the users can make their transaction with their customer ID and unique password that is generated based on their request. With the help of this number only they can make the transactions. The password is also eligible only for a particular time period. Then the password will not be valid. If the customer failed to use the password within specific time, he has to request for nth password again and make the transactions.

• The password is generated using an international algorithm. The password generation is much secured and it is printed on tamper proof stationery. This helps to prevent the leakage of password other than the requested users.

• Also access to the customer’s information is also done with the help of customer ID and unique password generated. Whenever a transaction is made to a third party system, it opens a new window for transactions. The money transfer through online mode is made secure and sees to that the information is not leaked to the third party system. Also confidential data like user ID , contact information and their password are maintained confidentially. Account logins and transactions are tracked for future investigation

It uses 128 bits SSL.It also ensures to prevent unauthorized access at any cost. The bank has an effective team that looks over this banking system effectively throughout 24/7.

Security Mechanism recommended for HDFC:

There are still many ways in which HDFC can protect their data. The steps that can be followed is mentioned:

E-mail security:

It has to provide email security. Mostly the passwords used for transactions are sent through mobile and it is sent to user’s email. The email that contains password has to be encrypted. Also during transactions between third party systems, the organization must ensure that each transaction is recorded and communicated to the customers through mail and mobile messages. Whenever message is sent to mobiles, it also has to be encrypted

Firewall:

This has to be made essential for any organization. The company’s site will be protected by third party intervention when using the firewalls. We can track the control and access of the system when using a firewall. Also in using firewall the traffic flowing through the system will also be very low.