Security Testing of an Online Banking Service

Online banking and electronic commerce have become an everyday reality for millions of users. Almost every large banking institution offers services such as account management, fund transfers, automatic payments, and investments through the Internet. The quality of the provided services has become a driving factor in user selection of a banking institution. Given the critical nature of the services provided, banks and financial institutions are investing substantial resources in the implementation of sophisticated financial applications that are appealing to the end-user. In the design and implementation of these applications developers face a trade-off between user-friendliness and security.