The security of authentication of internet based
co-banking services should not be susceptible to high risks.
The passwords are highly vulnerable to virus attacks due to
the lack of high end embedding of security methods. In order
for the passwords to be more secure, people are generally
compelled to select jumbled up character based passwords
which are not only less memorable but are also equally prone
to insecurity. Multiple use of distributed shares has been
studied to solve the problem of authentication by algorithms
based on thresholding of pixels in image processing and visual
cryptography concepts where the subset of shares is considered
for the recovery of the original image for authentication using
correlation function[1][2].The main disadvantage in the above
study is the plain storage of shares and also one of the shares
is being supplied to the customer, which will lead to the
possibility of misuse by a third party. This paper proposes a
technique for scrambling of pixels by key based random
permutation (KBRP) within the shares before the
authentication has been attempted. Total number of shares to
be created is dependent on the multiplicity of ownership of
the account. By this method the problem of uncertainty among
the customers with regard to security, storage, retrieval of
holding of half of the shares is minimized.