A Review on Internet Banking Security and Privacy Issues in Oman

Musaev, Elbek; Yousoof, Muhammed

doi:10.15849/icit.2015.0070

Cited by 8 publications

(2 citation statements)

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“…The existing systems and their proposed properties are summarized in Table 1. A related review conducted for online banking security and privacy issues in Oman can be found in [18]. A secure and privacy-preserving electronic payment approach can be found in [19], where the authors suggested electronic tokens as being an abstraction of basic fiat currency of equivalent benefit in order to provide privacy and protection in digital payments, presenting an intermediate entity in the method that mediates a transaction between the payer and the payee.…”

Section: Literature Reviewmentioning

confidence: 99%

An Efficient Secure Electronic Payment System for E-Commerce

2020

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E-commerce implies an electronic purchasing and marketing process online by using typical Web browsers. As e-commerce is quickly developing on the planet, particularly in recent years, many areas of life are affected, particularly the improvement in how individuals regulate themselves non-financially and financially in different transactions. In electronic payment or e-commerce payment, the gateway is a major component of the structure to assure that such exchanges occur without disputes, while maintaining the common security over such systems. Most Internet payment gateways in e-commerce provide monetary information to customers using trusted third parties directly to a payment gateway. Nonetheless, it is recognized that the cloud Web server is not considered a protected entity. This article aims to develop an efficient and secure electronic payment protocol for e-commerce where consumers can immediately connect with the merchant properly. Interestingly, the proposed system does not require the customer to input his/her identity in the merchant’s website even though the customer can hide his/her identity and make a temporary identity to perform the service. It has been found that our protocol has much improved security effectiveness in terms of confidentiality, integrity, non-repudiation, anonymity availability, authentication, and authorization.

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Section: Literature Reviewmentioning

confidence: 99%

An Efficient Secure Electronic Payment System for E-Commerce

2020

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“…These cases highlight the need to take a holistic approach to fraud risk management, as both outsiders and insiders can take part in fraudulent activities. It is worth noting that the Bank of Bangladesh case, as well as other cybersecurity events such as the hack into the Bank Muscat (Musaev and Yousoof 2015), show the convergence of cybersecurity and fraud. A cybersecurity event such as a hacking incident can lead to fraud transactions.…”

Section: External Fraudmentioning

confidence: 99%