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Application of Advanced Encryption Standard (AES) for Securing Electronic Banking Transactional Data

Author

Listed:
  • Abubakar Zubairu Muazu

    (Department of Computer Science, Gombe State University, Gombe, Nigeria)

  • Bala Modi

    (Department of Computer Science, Gombe State University, Gombe, Nigeria)

  • Mohammed Usman

    (Department of Computer Science, Modibbo Adama University, Yola, Nigeria)

  • M.K Ahmed

    (Department of Computer Science, Gombe State University, Gombe, Nigeria)

Abstract

Due to the rapid growth and convenience of electronic payments, many customers are opting for e-banking platforms to complete their transactions with ease. However, the rise in cyber threats to e-banking transactional data poses numerous risks to both banks and customers. This research addresses the pressing need for enhanced security measures amidst rising cyber threatss in electronic banking transactions by evaluating the performance and effectiveness of the Advanced Encryption Standard in comparison with Blowfish, RSA and ECC Algorithms. It assessed the Encryption/Decryption speed and throughput using Python Programming Language to secure large transactional datasets ensuring safer e-banking Data Storage for Banks. Recommendations are also provided for further enhancing the security of e-banking transactional data.

Suggested Citation

  • Abubakar Zubairu Muazu & Bala Modi & Mohammed Usman & M.K Ahmed, 2025. "Application of Advanced Encryption Standard (AES) for Securing Electronic Banking Transactional Data," International Journal of Research and Innovation in Applied Science, International Journal of Research and Innovation in Applied Science (IJRIAS), vol. 10(8), pages 859-869, August.
    • Handle: RePEc:bjf:journl:v:10:y:2025:i:8:p:859-869
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