The third security system can be provided by adding a graphical password generator which needs to be punched in before confirming an online transaction. It will be an additional password apart from the login username and password credentials. Once a customer logs in he or she has to generate a transaction password for online banking transactions. There are chances that if the user forgets the password and supposedly changes it and writes down the same somewhere and forgets to erase it or scramble it, there are chances that anyone can misuse the login. If a customer logs on from an unknown system outside the usual access device there are chances that it can be hacked easily and this might end up with a lot of issues. The Online Banking System as of now deals with a single sign-in log on and it will not be secure as expected.
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