Improved Honey Encryption to Protect the Internet users from Various Attacks

In recent months, there has been a rise in security issues as well as data breaches, which has led to increased anxiety regarding the safety of online banking. The existing authentication method for internet banking, which is entirely dependent on a password, is not robust enough to withstand the recent wave of successful password guessing and cracking attacks due to the fact that it is solely dependent on a password. As a potential remedy to this problem, the authors of this paper proposed a method known as Honey Encryption (HE), which adds another layer of protection on top of the user authentication measures that are already in place. When a malicious user guesses the password for a cloud account, the HE algorithm immediately generates false bank data that is impossible to distinguish and then directs the attacker to an account that has a fake password. This prevents the attack from being able to determine whether or not the password that was guessed is valid. As a direct consequence of this, cracking attacks and guessing passwords have become increasingly challenging. In addition to that, this research investigates different attack models and potential defences for password-based authentication schemes.