TWO FACTOR AUTHENTICATION USING MOBILE AND E-MAIL OTP This proposal deals with Two Factor Authentication

Technique, as many organizations still only rely on static ID and password that is been used in the existing Single Factor Authentication system that provides the simplest form of authentication that may not be sufficient to safeguard against unauthorized access. Therefore the rapid spread of eBusiness has necessitated for securing transactions and therefore financial organizations are looking for two-factor authentication technique as a fundamental security function. This Secure Authentication System implements a two-factor authentication process based on the generation of One Time Password. It provides a useful authentication mechanism for situations where there is limited client or server trust. Here both the client and the server share a common shared secret and a cryptographic algorithm these are then used to generate an OTP at both the ends. If the server validates the two OTPs to be the same the authentication is successful. Here the One Time Password (OTP) at any instant generated at either end depends upon the previous OTP that was generated there by making authentication even stronger.