Consumer-facing technology fraud : economics, attack methods and potential solutions

The emerging use of modern technologies has not only benefited society but also attracted fraudsters and criminals to misuse the technology for financial benefits. Fraud over the Internet has increased dramatically, resulting in an annual loss of billions of dollars to customers and service providers worldwide. Much of such fraud directly impacts individuals, both in the case of browser-based and mobile-based Internet services, as well as when using traditional telephony services, either through landline phones or mobiles. It is important that users of the technology should be both informed of fraud, as well as protected from frauds through fraud detection and prevention systems. In this paper, we present the anatomy of frauds for different consumer-facing technologies from three broad perspectives - we discuss Internet, mobile and traditional telecommunication, from the perspectives of losses through frauds over the technology, fraud attack mechanisms and systems used for detecting and preventing frauds. The paper also provides recommendations for securing emerging technologies from fraud and attacks

THE EVOLUTION OF THE INTELLIGENT CARDS AND THE ROMANIAN MARKET

This paper will try to describe the close relationship between the economic evolution and technology, especially how the technical aspects of debit/credit cards interact with the economical aspects. There are approached concepts related to smart card and especially the use of cards in different economic purposes. Since the introduction of the first cards there has been an accelerated growth of the use of smart cards. One of the essential growth factors has been the progress in the electronic industry and the accelerated development of the software companies, which allowed the emergence of interactive financial services such as e-banking, mobile banking, smart cards being considered the access key to these modern services.Smart cards, credit cards, debit cards, card market in Romania, card payments

Feasibility of self-structured current accessed bubble devices in spacecraft recording systems

The self-structured, current aperture approach to magnetic bubble memory is described. Key results include: (1) demonstration that self-structured bubbles (a lattice of strongly interacting bubbles) will slip by one another in a storage loop at spacings of 2.5 bubble diameters, (2) the ability of self-structured bubbles to move past international fabrication defects (missing apertures) in the propagation conductors (defeat tolerance), and (3) moving bubbles at mobility limited speeds. Milled barriers in the epitaxial garnet are discussed for containment of the bubble lattice. Experimental work on input/output tracks, storage loops, gates, generators, and magneto-resistive detectors for a prototype device are discussed. Potential final device architectures are described with modeling of power consumption, data rates, and access times. Appendices compare the self-structured bubble memory from the device and system perspectives with other non-volatile memory technologies

The Evolution Of Smartcard And EMV Migration In Bahrain

Within the improvement of Information Technology era, many business enterprises, academia institutions and banks in various regions around the world are enthusiastic and looking into the future by producing an all-in-one smart card with Europay, MasterCard and Visa (EMV) protocols for their employees, students or customers. This smart card can be used in different fields such as ID card, debit/credit card, transportations, healthcare, communication networks, loyalty, etc., with high level of security.  This paper gives the reader an overview of the evolution of smart card and the important benefits derived over the existing traditional magnetic stripe card. The paper aims to study the following five key elements: Importance of EMV, EMV Implementation in Bahrain, Obstacles and Constraints, Customer Satisfaction, and EMV Future in Bahrain.  The results of the study reveals that Bahrain is on its approach towards the EMV migration and will definitely be ready for rollout in the coming few years. It was also demonstrated that even though adopting EMV smart card technology may cost the organization a lot, it would be on the other hand very beneficial to them in many different aspects. Furthermore, it was provided that moving toward smart card in general will differentiate Bahrain and will put her among the leader.  This paper can be used as a basis for further researches to improve specific aspects of the evolution of smart card and EMV Migration in the Kingdom of Bahrain or elsewhere. It will also provide a useful input for other local banks and/or organizations that have not proceed towards smart card adaptation yet

Wireless Authentication of Smart Doors Using RFID

In an increasingly interconnected world, the traditional metal lock-and-key method of securing homes and businesses is becoming more outdated and inconvenient when compared to modern solutions. Modern systems are smarter, faster, lighter, more secure and more integrated than ever before. Though the costs of Radio Frequency Identification (RFID) are shrinking overall, professional solutions remain prohibitively expensive. The aim of this project is to develop an inexpensive, secure, and internet-enabled RFID door authentication system. This is to transparently investigate the design limitations for these systems and help determine the ultimate feasibility of RFID growing to define the modern door-authentication standard

Information technology innovations and commercial banking: A review and appraisal from an historical perspective

Technological innovation in general and information technology (IT) applications in particular, have had a major effect in banking and finance. Following Garbade and Silber (1978), this research reviews the effects on banking organisations with reference to front office or external changes as described by the nature of product and service offerings. Following Morris (1986) and Quintás (1991), the research also considers innovations in the back office or internal (operational function) changes brought about to banking organisations. Outstanding IT-based innovations are considered and grouped into four distinct periods: early adoption (1864-1945), specific application (1945-1965), emergence (1965-1980) and diffusion (1980-1995). The research then discusses the potential impact of more recent innovations (i.e. electronic purses, digital cash and Internet banking). As a result, the research provides an historical perspective on the main drivers determining adoption of technological innovation in retail banking markets.Banks, competition, IT innovation

A university wide smart card system

Presently, many tertiary educational institutions utilise card technologies for staff and student identification and the support of other related services within the institution. A new type of card technology has been developed known as a Smart Card, where an existing plastic card has an embedded integrated circuit and is capable of expanding the range of applications and services capable within an institution. This thesis will detail the advantages that these new Smart Cards have over existing institution cards, detail other institution\u27s attempts to use Smart Cards and finally, this thesis proposes a suitable system for integrating Smart Cards into an existing tertiary educational institution