Risky business: managing electronic payments in the 21st Century

On June 20 and 21, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia, in conjunction with the Electronic Funds Transfer Association (EFTA), hosted a day-and-a-half forum, “Risky Business: Managing Electronic Payments in the 21st Century.” The Center and EFTA invited participants from the financial services and processing sectors, law enforcement, academia, and policymakers to explore key topics associated with the challenge of effectively managing risk in a payments environment that is increasingly electronic. The meeting’s goal was to identify areas of potential risk and explore interindustry solutions. This paper provides highlights from the forum presentations and ensuing conversations.

Active User Authentication for Smartphones: A Challenge Data Set and Benchmark Results

In this paper, automated user verification techniques for smartphones are investigated. A unique non-commercial dataset, the University of Maryland Active Authentication Dataset 02 (UMDAA-02) for multi-modal user authentication research is introduced. This paper focuses on three sensors - front camera, touch sensor and location service while providing a general description for other modalities. Benchmark results for face detection, face verification, touch-based user identification and location-based next-place prediction are presented, which indicate that more robust methods fine-tuned to the mobile platform are needed to achieve satisfactory verification accuracy. The dataset will be made available to the research community for promoting additional research.Comment: 8 pages, 12 figures, 6 tables. Best poster award at BTAS 201

Towards successful e-Payment systems: An empirical identification and analysis of critical factors

This research aims to explore the factors relating to e-payment system to be implemented where electronic processes enable the facilitation of online transactions. A secondary analysis revealed six factors which are argued to be ‘critical’ for customer adoption of these systems. The findings were further augmented by an online survey of 155 respondents where the perceived importance of the critical factors were correlated through: security, trust, perceived advantage, assurance seals, perceived risk and usability. The results demonstrate that three of the critical factors were necessary (security, advantage, web assurance seals) and three were relatively sufficient (perceived risk, trust and usability) through customer intentions to adopt an e-payment system. The study provides a valid overall awareness that these critical factors are important in designing a successful e-payment system

An Analytical Evaluation of Network Security Modelling Techniques Applied to Manage Threats

The current ubiquity of information coupled with the reliance on such data by businesses has led to a great deal of resources being deployed to ensure the security of this information. Threats can come from a number of sources and the dangers from those insiders closest to the source have increased significantly recently. This paper focuses on techniques used to identify and manage threats as well as the measures that every organisation should consider to put into action. A novel game-based onion skin model has been proposed, combining techniques used in theory-based and hardware-based hardening strategies

Cyber Security’s Influence on Modern Society

The world of cyber security is evolving every day, and cyber-criminals are trying to take advantage of it to gain as much money and power as possible. As the Internet continues to grow, more people around the world join the Internet. The purpose of this is to see how much of an importance cyber security has and how cyber-criminals are able to utilize the cyberworld for their own personal gain. Research has been done on how the cyberworld got where it is today. Additionally, individual research has been done in an effort to learn how to hack. A hack lab has been created and a study has been done to see if it is possible to hack into a cell phone within one month without obtaining any knowledge prior to the start of the study