Systematic evaluation of web application security frameworks for internet banking portal protection

Posted: Aug 15, 2022

• Michael Ramirez
• Noah Johnson
• Olivia Roberts

Abstract

The exponential growth of digital banking services has transformed financial transactions, with internet banking portals becoming critical infrastructure for global financial systems. These platforms handle sensitive financial data, process substantial monetary transactions, and store confidential customer information, making them prime targets for cyberattacks. The security of internet banking portals represents a paramount concern for financial institutions, regulatory bodies, and customers alike. Traditional security approaches often fail to address the unique challenges posed by banking applications, which require robust protection against sophisticated threats while maintaining seamless user experience and regulatory compliance. This research addresses a significant gap in the current literature by providing a systematic evaluation of web application security frameworks specifically designed for internet banking environments. Previous studies have typically examined security frameworks in generic web application contexts, overlooking the specialized requirements of financial systems. Banking applications demand exceptional levels of transaction integrity, authentication assurance, data confidentiality, and regulatory compliance that exceed standard web security needs. Our investigation introduces a novel evaluation methodology that captures these banking-specific security dimensions and provides practical insights for financial institutions seeking to enhance their security posture.