Security Issues of Electronic and Mobile Banking

Wodo, Wojciech; Stygar, Damian; Błaśkiewicz, Przemysław

doi:10.5220/0010466600002998

Cited by 2 publications

(4 citation statements)

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“…Therefore, in this research, banking entities are urged to take preventive measures in this regard, in order to avoid negative impacts in the future. The study [20] indicates that banking security systems must be designed very carefully, considering many different factors in the process, not only internal to the banking infrastructure but also external systems (such as the procedures of the telecom operator).…”

Section: About the Research Questionsmentioning

confidence: 99%

“…The study [20] indicates that banking security systems need to be designed very carefully, considering many different factors in the process, not only within the banking infrastructure but also outside of it. In addition, this study mentions more aspects related to how to improve banking security, among them that biometrics could be very useful to reconcile security and ergonomics; It also exposes other strategies that could help to significantly increase the level of security, such as introducing software and hardware tokens and using biometric channels.…”

Section: About the Research Questionsmentioning

confidence: 99%

“…Nevertheless, banking systems are susceptible to cyberattacks in several ways. This issue is due to the large number of access channels they provide and the economic gain obtained by the cybercriminal who successfully attacks [20]. But the problem does not end here.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Information Security in the Banking Sector: A Systematic Literature Review on Current Trends, Issues, and Challenges

Ubaldo¹,

Barreto²,

Albines³

et al. 2023

IJSSE

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In recent years, information security has become a very important aspect, since it creates serious trouble for organizations that do not take it into consideration. In this regard, it was detected that many entities in the banking sector experience multiple problems that are mainly related to the way in which they protect their data, so it is necessary to pay close attention to this issue. For this reason, in this investigation it was decided to carry out a systematic review of the literature, obtaining 2,787 articles through searches in electronic databases. Likewise, the PRISMA method was used, which allowed the identification of 15 relevant articles to form the synthesis of the investigation. In the same way, a bibliometric analysis was carried out, which allowed knowing the gaps in knowledge. Finally, in the conclusions emphasis is placed on several aspects; for example, it is highlighted that cybercriminals constantly attack the banking sector and it is mentioned that all the research questions posed were successfully answered.

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Section: About the Research Questionsmentioning

confidence: 99%

Section: About the Research Questionsmentioning

confidence: 99%

See 1 more Smart Citation

Information Security in the Banking Sector: A Systematic Literature Review on Current Trends, Issues, and Challenges

Ubaldo¹,

Barreto²,

Albines³

et al. 2023

IJSSE

View full text Add to dashboard Cite

show abstract

“…Burning issues and solutions like reliable password patterns, proper system software maintenance, secure network selection, biometrics solutions, sandbox mechanism against forceful transactions, two-factor authentication, two-level implementation of security: for non-operational and operational activities, vulnerabilities of SMS codes, phishing based social engineering attacks and preventions are discussed in detail. Numerous authentication mechanisms, legislative improvements, and protection against unauthorized access and theft of data are proposed [11]. Bosamia et al proposed a threat model with all its integral parts discussed in depth considering possible threats on principle components of mobile applica-tions specific to E-wallets.…”

Section: E-wallets and Mobile Payment Systemmentioning

confidence: 99%

Towards the Advancement of Cashless Transaction: A Security Analysis of Electronic Payment Systems

Moon¹,

Shamsuzzaman²,

Mridha³

et al. 2022

JCC

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In recent decades, day-to-day lifestyle requires online payments as easy and simple solutions to several financial transactions, which makes the concept of Electronic payment Systems very popular in the growth of a cashless society. In fact, cashless transactions through simple mobile apps are not merely a concept anymore rather are implemented robustly and being used extensively. On the dark side, obvious financial benefits are making these apps vulnerable to being attacked, which can be successful through security breaches. These cybersecurity issues need to be traced out and resolved to make the financial transactions through an app secure and trustworthy. In this paper, several related papers are analyzed to trace out possible cybersecurity issues in the domain of Electronic Transaction System. The objective is to establish sufficient theoretical background to propose methodologies for measuring security issues and also identify the security strength of any FinTech application and provide standard security metrics.

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Security Issues of Electronic and Mobile Banking

Cited by 2 publications

References 0 publications

Information Security in the Banking Sector: A Systematic Literature Review on Current Trends, Issues, and Challenges

Information Security in the Banking Sector: A Systematic Literature Review on Current Trends, Issues, and Challenges

Towards the Advancement of Cashless Transaction: A Security Analysis of Electronic Payment Systems

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