Software Development in the Fintech Industry: A Literature Review

Background: The digital transformation of the financial industry led by technological advances, together with changes in regulations, have created opportunities for companies to provide innovative new financial services. Fintech applies latest technological innovations to provide better and more efficient financial products and business models, disrupting the traditionally rigid banking industry. Objective: The objective of this study was to find out what kind of digital services are provided by the fintech industry, what software or technology related competencies and skills are needed in the development of fintech software, and the special requirements of fintech software. Method: The method of this study was systematic literature review. Following the defined review protocol, 31 primary studies published between the years of 2015 and 2021 were identified as relevant for this review by queries to three scientific databases. The selected primary studies were categorized by services, competencies and requirements. Results: Most of the identified digital services were payment applications but also robo-advisors, budgeting tools and compliance automation tools were found. The technologies and related skills extracted from the studies were divided to software development skills and data science skills and further categorized. Compliance with laws and regulations and various reporting and auditing practices were found to be unique domain requirements for fintech. Security was the most mentioned non-functional requirement of a financial system. Conclusions: Fintech is a cross-disciplinary field with unique requirements for business critical software. However, research on fintech software development is still limited

Review of an Enhanced Authentication Strategy for Multiservice Authorization over Mobile Cloud

Cloud computing has changed the corporate as well as educational industry since it was introduced. The cloud computing is basically cost effective, convenient and on demand service offered to the end users. For instance it lead to cost reserve funds as well as better resource usage and removing the need of specialized technical skill for the users. There exists a huge security concern when utilizing cloud services. The security is extremely vital in cloud computing since individuals and organizations store private information in the cloud and it should likewise be not difficult to utilize the services provided to users. Since the control of services and information required for the regular run of a organization is handled by third party service providers, End user needs to believe the third party cloud service providers and trust that they handle their information in a right way and resources are available as and when needed. There are many approaches proposed for authentication in cloud services. They are intricate, insecure or highly exclusive. In this Paper we have carried of the comparative study of different authentication schemes in cloud computing finally summarize on the basis of different evaluation criteria

An Energy Aware and Secure MAC Protocol for Tackling Denial of Sleep Attacks in Wireless Sensor Networks

Wireless sensor networks which form part of the core for the Internet of Things consist of resource constrained sensors that are usually powered by batteries. Therefore, careful energy awareness is essential when working with these devices. Indeed,the introduction of security techniques such as authentication and encryption, to ensure confidentiality and integrity of data, can place higher energy load on the sensors. However, the absence of security protection c ould give room for energy drain attacks such as denial of sleep attacks which have a higher negative impact on the life span ( of the sensors than the presence of security features. This thesis, therefore, focuses on tackling denial of sleep attacks from two perspectives A security perspective and an energy efficiency perspective. The security perspective involves evaluating and ranking a number of security based techniques to curbing denial of sleep attacks. The energy efficiency perspective, on the other hand, involves exploring duty cycling and simulating three Media Access Control ( protocols Sensor MAC, Timeout MAC andTunableMAC under different network sizes and measuring different parameters such as the Received Signal Strength RSSI) and Link Quality Indicator ( Transmit power, throughput and energy efficiency Duty cycling happens to be one of the major techniques for conserving energy in wireless sensor networks and this research aims to answer questions with regards to the effect of duty cycles on the energy efficiency as well as the throughput of three duty cycle protocols Sensor MAC ( Timeout MAC ( and TunableMAC in addition to creating a novel MAC protocol that is also more resilient to denial of sleep a ttacks than existing protocols. The main contributions to knowledge from this thesis are the developed framework used for evaluation of existing denial of sleep attack solutions and the algorithms which fuel the other contribution to knowledge a newly developed protocol tested on the Castalia Simulator on the OMNET++ platform. The new protocol has been compared with existing protocols and has been found to have significant improvement in energy efficiency and also better resilience to denial of sleep at tacks Part of this research has been published Two conference publications in IEEE Explore and one workshop paper

HANDLING WORK FROM HOME SECURITY ISSUES IN SALESFORCE

Security is a vital component when it is identified with an endeavor record or our genuine materials. To protect our home or valuable things like gold, cash we use bank storage administrations or underground secret storage spaces at home. Similarly, IT enterprises put tremendous measure of capital in expanding security to its business and the archives. Associations use cryptography procedures to get their information utilizing progressed encryption calculations like SHA-256, SHA-512, RSA-1024, RSA-2048 pieces’ key encryption and Elliptic Curve Cryptography (ECC) calculations. These industry standard calculations are difficult to break. For instance, to break RSA-2048-piece encryption key, an old-style PC needs around 300 trillion years. As indicated by the continuous examination, a quantum PC can break it in 10seconds, yet such a quantum PC doesn\u27t yet exist. Despite the fact that these cryptographic calculations guarantee an awesome degree of safety, there will be dependably a space for breaking the security. Programmers will attempt new techniques to break the security. Thus, the association likewise should continue to utilize new strategies to build the level and nature of the security. Now it is time to check how the security aspect is taken care of when the IT employees are at work from home. The 2020 year has made many professionals work from home because of the Covid-19 pandemic. The Covid-19 has transformed almost all organizations to work from home, this has become standard advice, and technology plays an important role during work from home to monitor the employee works and provide security when the work is being carried away from their respective organization. Employees\u27 information security awareness will become one of the most important parts of safeguarding against nefarious information security practices during this work from home. Most of the workers like the expediency of work from home and the flexibility provided for the employees. But in this situation, workers need guarantees that their privacy is secured when using company laptops and phones. Cyber security plays an important role in maintaining a secured environment when working from home. This work focusses on managing the security break attack in the course of work from home. The focus of the study is on dealing with security breaches that occur when salespeople operate from home. The problem of security isn\u27t new. Security issues existed prior to the lockdown or pandemic, but because the staff was working from the office at the time, the system administrator was available to address them. However, how can an employee\u27s laptop and account be secured when working from home? MFH\u27s salesforce has leveraged a variety of innovative technologies to address security concerns during their tenure. Because the IT behemoth Salesforce has made it possible for all employees, including freshly hired ones, to seek WFH on a permanent basis. To address the security breach difficulties faced by employees, the organization used a number of new approaches, including tracking working hours, raising password difficulty, employing VPN (virtual private network), mandating video during meetings, continuously checking right to use control, and MFA (multi-factor authentication). Improvement of existing multi-factor authentication (MFA) is the focused topic discussed in the thesis. To add an additional step of protection to the login process Blockchain technology is proposed and to identify the employee identification a hybrid recognition model is proposed using face and fingerprint recognition. This leads to the employee going through multiple processes to authenticate his or her identity in numerous ways in order to access the business laptop. This procedure entails connecting his or her laptop to his or her mobile phone or email account. Keywords: MFA, WFH, Cyber Security, Encryption, Decryption

Security Technologies and Methods for Advanced Cyber Threat Intelligence, Detection and Mitigation

The rapid growth of the Internet interconnectivity and complexity of communication systems has led us to a significant growth of cyberattacks globally often with severe and disastrous consequences. The swift development of more innovative and effective (cyber)security solutions and approaches are vital which can detect, mitigate and prevent from these serious consequences. Cybersecurity is gaining momentum and is scaling up in very many areas. This book builds on the experience of the Cyber-Trust EU project’s methods, use cases, technology development, testing and validation and extends into a broader science, lead IT industry market and applied research with practical cases. It offers new perspectives on advanced (cyber) security innovation (eco) systems covering key different perspectives. The book provides insights on new security technologies and methods for advanced cyber threat intelligence, detection and mitigation. We cover topics such as cyber-security and AI, cyber-threat intelligence, digital forensics, moving target defense, intrusion detection systems, post-quantum security, privacy and data protection, security visualization, smart contracts security, software security, blockchain, security architectures, system and data integrity, trust management systems, distributed systems security, dynamic risk management, privacy and ethics

DebAuthn: a Relying Party Implementation as a WebAuthn Authenticator Debugging Tool

[Abstract] Passwords as an authentication method have become vulnerable to numerous attacks. During the last few years, the FIDO Alliance and the W3C have been working on a new authentication method based on public key cryptography and hardware authenticators, which avoids attacks like phishing or password stealing. This degree thesis focuses on the development of a web application as a flexible testing and debugging environment for developers and researchers of the protocol, still under development. Moreover, the developed tool is used for testing the most relevant hardware authenticators, showcasing their main characteristics.[Resumo] Os contrasinais como método de autentificación volvéronse vulnerables a numerosos ataques. Durante os últimos anos, a FIDO Alliance e a W3C estiveron traballando nun novo sistema de autentificación baseado en criptografía de chave pública e autentificadores hardware, o que evita ataques como phishing ou roubo de contrasinais. Este traballo de fin de grao céntrase no desenvolvemento dunha aplicación web como un entorno flexible de probas e depuración para desenvolvedores e investigadores do protocolo, aínda en desenvolvemento. Ademais, a ferramenta desenvolvida é usada para probar os autentificadores hardware máis relevantes, mostrando as súas características principais

Security Management for Mobile Devices of Higher Education

Mobile learning has made a major impact on the security of Learning Management Systems (LMS) in higher education. The advancements in mobile technology have made mobile learning one of the top trending topics regarding education and technology. Students appreciate the convenience and flexibility that mobile learning offers. However, there is an added concern with the security in mobile learning. Instructors and students have little say in what software will be used in mobile learning. This paper will address the issues surrounding security management in LMS platforms, the basics of the Family Educational Rights and Privacy Act (FERPA), and the best practices to improve security management in mobile communications of higher education