Effectiveness of a Conceptual Model for Increased Mobile Banking Security

Authors

  • Bonimir Penchev University of Economics Varna, Bulgaria Institute of Mathematics and Informatics Bulgarian Academy of Sciences

DOI:

https://doi.org/10.55630/sjc.2016.10.49-62

Keywords:

mobile security, mobile banking, mobile device, mobile applications, mobile operating system

Abstract

Despite the advantages that mobile banking has for both banks
and customers, its security level is one of the barriers that have a negative
influence on its large-scale adoption.

In our previous research we identified a certain number of security attacks against
mobile banking security. Along with them, we found out that not all of the protection
strategies and best practices are effective enough.

Therefore we proposed a conceptual model for increased mobile banking security,
which consists of five modules.

In this report we aimed at researching the effectiveness of each of the proposed
modules. In order to achieve our objective we conducted five different experiments,
each covering a module.

The results confirmed the effectiveness and applicability of each of the five modules
that are part of the proposed conceptual model for increased mobile banking security.

ACM Computing Classification System (1998): K.4.4.

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Published

2017-02-17

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Section

Articles